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T AT&T

Document and Entity Information

Document and Entity Information - shares shares in Millions6 Months Ended
Jun. 30, 2021Jul. 30, 2021
Entity Listings [Line Items]
Document Type10-Q
Document Quarterly Reporttrue
Document Period End DateJun. 30,
2021
Document Transition Reportfalse
Entity File Number001-8610
Entity Registrant NameAT&T INC.
Entity Incorporation, State or Country CodeDE
Entity Tax Identification Number43-1301883
Entity Address, Address Line One208 S. Akard St.
Entity Address, City or TownDallas
Entity Address, State or ProvinceTX
Entity Address, Postal Zip Code75202
City Area Code210
Local Phone Number821-4105
Entity Current Reporting StatusYes
Entity Interactive Data CurrentYes
Entity Filer CategoryLarge Accelerated Filer
Entity Small Businessfalse
Entity Emerging Growth Companyfalse
Entity Shell Companyfalse
Entity Common Stock, Shares Outstanding7,140
Amendment Flagfalse
Document Fiscal Period FocusQ2
Document Fiscal Year Focus2021
Current Fiscal Year End Date--12-31
Entity Central Index Key0000732717
Common Shares (Par Value $1.00 Per Share)
Entity Listings [Line Items]
Title of 12(b) SecurityCommon Shares (Par Value $1.00 Per Share)
Trading SymbolT
Security Exchange NameNYSE
Depositary Shares, each representing a 1/1000th interest in a share of 5.000% Perpetual Preferred Stock, Series A
Entity Listings [Line Items]
Title of 12(b) SecurityDepositary Shares, each representing a 1/1000th interest in ashare of 5.000% Perpetual Preferred Stock, Series A
Trading SymbolT PRA
Security Exchange NameNYSE
Depositary Shares, each representing a 1/1000th interest in a share of 4.750% Perpetual Preferred Stock, Series C
Entity Listings [Line Items]
Title of 12(b) SecurityDepositary Shares, each representing a 1/1000th interest in ashare of 4.750% Perpetual Preferred Stock, Series C
Trading SymbolT PRC
Security Exchange NameNYSE
AT&T Inc. 2.650% Global Notes due December 17, 2021
Entity Listings [Line Items]
Title of 12(b) SecurityAT&T Inc. 2.650% Global Notes due December 17, 2021
Trading SymbolT 21B
Security Exchange NameNYSE
AT&T Inc. 1.450% Global Notes due June 1, 2022
Entity Listings [Line Items]
Title of 12(b) SecurityAT&T Inc. 1.450% Global Notes due June 1, 2022
Trading SymbolT 22B
Security Exchange NameNYSE
AT&T Inc. 2.500% Global Notes due March 15, 2023
Entity Listings [Line Items]
Title of 12(b) SecurityAT&T Inc. 2.500% Global Notes due March 15, 2023
Trading SymbolT 23
Security Exchange NameNYSE
AT&T Inc. 2.750% Global Notes due May 19, 2023
Entity Listings [Line Items]
Title of 12(b) SecurityAT&T Inc. 2.750% Global Notes due May 19, 2023
Trading SymbolT 23C
Security Exchange NameNYSE
AT&T Inc. Floating Rate Global Notes due September 5, 2023
Entity Listings [Line Items]
Title of 12(b) SecurityAT&T Inc. Floating Rate Global Notes due September 5, 2023
Trading SymbolT 23D
Security Exchange NameNYSE
AT&T Inc. 1.050% Global Notes due September 5, 2023
Entity Listings [Line Items]
Title of 12(b) SecurityAT&T Inc. 1.050% Global Notes due September 5, 2023
Trading SymbolT 23E
Security Exchange NameNYSE
AT&T Inc. 1.300% Global Notes due September 5, 2023
Entity Listings [Line Items]
Title of 12(b) SecurityAT&T Inc. 1.300% Global Notes due September 5, 2023
Trading SymbolT 23A
Security Exchange NameNYSE
AT&T Inc. 1.950% Global Notes due September 15, 2023
Entity Listings [Line Items]
Title of 12(b) SecurityAT&T Inc. 1.950% Global Notes due September 15, 2023
Trading SymbolT 23F
Security Exchange NameNYSE
AT&T Inc. 2.400% Global Notes due March 15, 2024
Entity Listings [Line Items]
Title of 12(b) SecurityAT&T Inc. 2.400% Global Notes due March 15, 2024
Trading SymbolT 24A
Security Exchange NameNYSE
AT&T Inc. 3.500% Global Notes due December 17, 2025
Entity Listings [Line Items]
Title of 12(b) SecurityAT&T Inc. 3.500% Global Notes due December 17, 2025
Trading SymbolT 25
Security Exchange NameNYSE
AT&T Inc. 0.250% Global Notes due March 4, 2026
Entity Listings [Line Items]
Title of 12(b) SecurityAT&T Inc. 0.250% Global Notes due March 4, 2026
Trading SymbolT 26E
Security Exchange NameNYSE
AT&T Inc. 1.800% Global Notes due September 5, 2026
Entity Listings [Line Items]
Title of 12(b) SecurityAT&T Inc. 1.800% Global Notes due September 5, 2026
Trading SymbolT 26D
Security Exchange NameNYSE
AT&T Inc. 2.900% Global Notes due December 4, 2026
Entity Listings [Line Items]
Title of 12(b) SecurityAT&T Inc. 2.900% Global Notes due December 4, 2026
Trading SymbolT 26A
Security Exchange NameNYSE
AT&T Inc. 1.600% Global Notes due May 19, 2028
Entity Listings [Line Items]
Title of 12(b) SecurityAT&T Inc. 1.600% Global Notes due May 19, 2028
Trading SymbolT 28C
Security Exchange NameNYSE
AT&T Inc. 2.350% Global Notes due September 5, 2029
Entity Listings [Line Items]
Title of 12(b) SecurityAT&T Inc. 2.350% Global Notes due September 5, 2029
Trading SymbolT 29D
Security Exchange NameNYSE
AT&T Inc. 4.375% Global Notes due September 14, 2029
Entity Listings [Line Items]
Title of 12(b) SecurityAT&T Inc. 4.375% Global Notes due September 14, 2029
Trading SymbolT 29B
Security Exchange NameNYSE
AT&T Inc. 2.600% Global Notes due December 17, 2029
Entity Listings [Line Items]
Title of 12(b) SecurityAT&T Inc. 2.600% Global Notes due December 17, 2029
Trading SymbolT 29A
Security Exchange NameNYSE
AT&T Inc. 0.800% Global Notes due March 4, 2030
Entity Listings [Line Items]
Title of 12(b) SecurityAT&T Inc. 0.800% Global Notes due March 4, 2030
Trading SymbolT 30B
Security Exchange NameNYSE
AT&T Inc. 2.050% Global Notes due May 19, 2032
Entity Listings [Line Items]
Title of 12(b) SecurityAT&T Inc. 2.050% Global Notes due May 19, 2032
Trading SymbolT 32A
Security Exchange NameNYSE
AT&T Inc. 3.550% Global Notes due December 17, 2032
Entity Listings [Line Items]
Title of 12(b) SecurityAT&T Inc. 3.550% Global Notes due December 17, 2032
Trading SymbolT 32
Security Exchange NameNYSE
AT&T Inc. 5.200% Global Notes due November 18, 2033
Entity Listings [Line Items]
Title of 12(b) SecurityAT&T Inc. 5.200% Global Notes due November 18, 2033
Trading SymbolT 33
Security Exchange NameNYSE
AT&T Inc. 3.375% Global Notes due March 15, 2034
Entity Listings [Line Items]
Title of 12(b) SecurityAT&T Inc. 3.375% Global Notes due March 15, 2034
Trading SymbolT 34
Security Exchange NameNYSE
AT&T Inc. 2.450% Global Notes due March 15, 2035
Entity Listings [Line Items]
Title of 12(b) SecurityAT&T Inc. 2.450% Global Notes due March 15, 2035
Trading SymbolT 35
Security Exchange NameNYSE
AT&T Inc. 3.150% Global Notes due September 4, 2036
Entity Listings [Line Items]
Title of 12(b) SecurityAT&T Inc. 3.150% Global Notes due September 4, 2036
Trading SymbolT 36A
Security Exchange NameNYSE
AT&T Inc. 2.600% Global Notes due May 19, 2038
Entity Listings [Line Items]
Title of 12(b) SecurityAT&T Inc. 2.600% Global Notes due May 19, 2038
Trading SymbolT 38C
Security Exchange NameNYSE
AT&T Inc. 1.800% Global Notes due September 14, 2039
Entity Listings [Line Items]
Title of 12(b) SecurityAT&T Inc. 1.800% Global Notes due September 14, 2039
Trading SymbolT 39B
Security Exchange NameNYSE
AT&T Inc. 7.000% Global Notes due April 30, 2040
Entity Listings [Line Items]
Title of 12(b) SecurityAT&T Inc. 7.000% Global Notes due April 30, 2040
Trading SymbolT 40
Security Exchange NameNYSE
AT&T Inc. 4.250% Global Notes due June 1, 2043
Entity Listings [Line Items]
Title of 12(b) SecurityAT&T Inc. 4.250% Global Notes due June 1, 2043
Trading SymbolT 43
Security Exchange NameNYSE
AT&T Inc. 4.875% Global Notes due June 1, 2044
Entity Listings [Line Items]
Title of 12(b) SecurityAT&T Inc. 4.875% Global Notes due June 1, 2044
Trading SymbolT 44
Security Exchange NameNYSE
AT&T Inc. 4.000% Global Notes due June 1, 2049
Entity Listings [Line Items]
Title of 12(b) SecurityAT&T Inc. 4.000% Global Notes due June 1, 2049
Trading SymbolT 49A
Security Exchange NameNYSE
AT&T Inc. 4.250% Global Notes due March 1, 2050
Entity Listings [Line Items]
Title of 12(b) SecurityAT&T Inc. 4.250% Global Notes due March 1, 2050
Trading SymbolT 50
Security Exchange NameNYSE
AT&T Inc. 3.750% Global Notes due September 1, 2050
Entity Listings [Line Items]
Title of 12(b) SecurityAT&T Inc. 3.750% Global Notes due September 1, 2050
Trading SymbolT 50A
Security Exchange NameNYSE
AT&T Inc. 5.350% Global Notes due November 1, 2066
Entity Listings [Line Items]
Title of 12(b) SecurityAT&T Inc. 5.350% Global Notes due November 1, 2066
Trading SymbolTBB
Security Exchange NameNYSE
AT&T Inc. 5.625% Global Notes due August 1, 2067
Entity Listings [Line Items]
Title of 12(b) SecurityAT&T Inc. 5.625% Global Notes due August 1, 2067
Trading SymbolTBC
Security Exchange NameNYSE

Consolidated Statements Of Inco

Consolidated Statements Of Income - USD ($) shares in Millions, $ in Millions3 Months Ended6 Months Ended
Jun. 30, 2021Jun. 30, 2020Jun. 30, 2021Jun. 30, 2020
Operating Revenues
Total operating revenues $ 44,045 $ 40,950 $ 87,984 $ 83,729
Cost of revenues
Other cost of revenues (exclusive of depreciation and amortization shown separately below)8,155 8,116 16,148 16,458
Selling, general and administrative9,361 9,831 18,743 18,591
Asset impairments and abandonments4,555 2,319 4,555 2,442
Depreciation and amortization5,761 7,285 11,570 14,507
Total operating expenses40,776 37,418 77,054 72,711
Operating Income3,269 3,532 10,930 11,018
Other Income (Expense)
Interest expense(1,684)(2,041)(3,554)(4,059)
Equity in net income (loss) of affiliates41 (10)93 (16)
Other income (expense) — net999 1,017 5,220 1,820
Total other income (expense)(644)(1,034)1,759 (2,255)
Income Before Income Taxes2,625 2,498 12,689 8,763
Income tax expense751 935 2,873 2,237
Net Income1,874 1,563 9,816 6,526
Less: Net Income Attributable to Noncontrolling Interest(304)(282)(696)(635)
Net Income Attributable to AT&T1,570 1,281 9,120 5,891
Less: Preferred Stock Dividends(56)(52)(106)(84)
Net Income Attributable to Common Stock $ 1,514 $ 1,229 $ 9,014 $ 5,807
Basic Earnings Per Share Attributable to Common Stock (in dollars per share) $ 0.21 $ 0.17 $ 1.25 $ 0.81
Diluted Earnings Per Share Attributable to Common Stock (in dollars per share) $ 0.21 $ 0.17 $ 1.25 $ 0.81
Weighted Average Number of Common Shares Outstanding - Basic (in millions) (in shares)7,168 7,145 7,165 7,166
Weighted Average Number of Common Shares Outstanding - with Dilution (in millions) (in shares)7,200 7,170 7,194 7,192
Service
Operating Revenues
Total operating revenues $ 38,956 $ 37,051 $ 77,460 $ 75,934
Equipment
Operating Revenues
Total operating revenues5,089 3,899 10,524 7,795
Cost of revenues
Cost of goods and services sold5,341 3,978 10,897 8,070
Broadcast, programming and operations
Cost of revenues
Cost of goods and services sold $ 7,603 $ 5,889 $ 15,141 $ 12,643

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income - USD ($) $ in Millions3 Months Ended6 Months Ended
Jun. 30, 2021Jun. 30, 2020Jun. 30, 2021Jun. 30, 2020
Statement of Comprehensive Income [Abstract]
Net income $ 1,874 $ 1,563 $ 9,816 $ 6,526
Foreign currency:
Translation adjustment (includes $6, $(8), $2 and $(59) attributable to noncontrolling interest), net of taxes of $41, $(135), $4 and $(197)301 305 192 (1,549)
Securities:
Net unrealized gains (losses), net of taxes of $6, $5, $(12) and $2720 14 (35)80
Reclassification adjustment included in net income, net of taxes of $0, $0, $(1) and $0(1)0 (3)0
Derivative instruments:
Net unrealized gains (losses), net of taxes of $(242), $168, $(106) and $(803)(909)631 (398)(3,026)
Reclassification adjustment included in net income, net of taxes of $6, $4, $12 and $422 17 46 17
Defined benefit postretirement plans:
Amortization of net prior service credit included in net income, net of taxes of $(165), $(150), $(330) and $(301)(507)(461)(1,011)(922)
Other comprehensive income (loss)(1,074)506 (1,209)(5,400)
Total comprehensive income800 2,069 8,607 1,126
Less: Total comprehensive income attributable to noncontrolling interest(310)(274)(698)(576)
Total Comprehensive Income Attributable to AT&T $ 490 $ 1,795 $ 7,909 $ 550

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Millions3 Months Ended6 Months Ended
Jun. 30, 2021Jun. 30, 2020Jun. 30, 2021Jun. 30, 2020
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustments, attributable to noncontrolling interest, net of taxes $ 6 $ (8) $ 2 $ (59)
Foreign currency translation adjustments - tax effect41 (135)4 (197)
Unrealized gains (losses) on securities - tax effect6 5 (12)27
Reclassification adjustment included in net income on securities - tax effect0 0 (1)0
Unrealized gains (losses) on derivatives - tax effect(242)168 (106)(803)
Reclassification adjustment included in net income on derivatives - tax effect6 4 12 4
Amortization of net prior service credit included in net income - tax effect $ (165) $ (150) $ (330) $ (301)

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in MillionsJun. 30, 2021Dec. 31, 2020
Current Assets
Cash and cash equivalents $ 11,869 $ 9,740
Accounts receivable – net of related allowances for credit loss of $843 and $1,22115,771 20,215
Inventories2,810 3,695
Prepaid and other current assets32,419 18,358
Total current assets62,869 52,008
Noncurrent Inventories and Theatrical Film and Television Production Costs16,271 14,752
Property, plant and equipment322,259 327,751
Less: accumulated depreciation and amortization(198,668)(200,436)
Property, Plant and Equipment – Net123,591 127,315
Goodwill134,626 135,259
Licenses – Net87,962 93,840
Other Intangible Assets – Net12,736 15,386
Investments in and Advances to Equity Affiliates1,853 1,780
Operating Lease Right-Of-Use Assets24,390 24,714
Deposits on Wireless Licenses23,663 0
Other Assets21,598 23,617
Total Assets544,710 525,761
Current Liabilities
Debt maturing within one year24,016 3,470
Accounts payable and accrued liabilities49,429 50,051
Advanced billings and customer deposits4,932 6,176
Dividends payable3,749 3,741
Total current liabilities82,126 63,438
Long-Term Debt155,767 153,775
Deferred Credits and Other Noncurrent Liabilities
Deferred income taxes61,732 60,472
Postemployment benefit obligation14,876 18,276
Operating lease liabilities21,637 22,202
Other noncurrent liabilities28,726 28,358
Total deferred credits and other noncurrent liabilities126,971 129,308
Stockholders’ Equity
Common stock ($1 par value, 14,000,000,000 authorized at June 30, 2021 and December 31, 2020: issued 7,620,748,598 at June 30, 2021 and December 31, 2020)7,621 7,621
Additional paid-in capital129,941 130,175
Retained earnings38,947 37,457
Treasury stock (480,891,895 at June 30, 2021 and 494,826,583 at December 31, 2020, at cost)(17,332)(17,910)
Accumulated other comprehensive income3,119 4,330
Noncontrolling interest17,550 17,567
Total stockholders’ equity179,846 179,240
Total Liabilities and Stockholders’ Equity544,710 525,761
Series A (48,000 issued and outstanding at June 30, 2021 and December 31, 2020)
Stockholders’ Equity
Preferred stock ($1 par value, 10,000,000 authorized at June 30, 2021 and December 31, 2020):0 0
Series B (20,000 issued and outstanding at June 30, 2021 and December 31, 2020)
Stockholders’ Equity
Preferred stock ($1 par value, 10,000,000 authorized at June 30, 2021 and December 31, 2020):0 0
Series C (70,000 issued and outstanding at June 30, 2021 and December 31, 2020)
Stockholders’ Equity
Preferred stock ($1 par value, 10,000,000 authorized at June 30, 2021 and December 31, 2020):0 0
Trademarks and Trade Names – Net
Current Assets
Finite-Lived Intangible Assets - Net22,276 23,297
Distribution Networks – Net
Current Assets
Finite-Lived Intangible Assets - Net $ 12,875 $ 13,793

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in MillionsJun. 30, 2021Dec. 31, 2020
Allowances for doubtful accounts $ 843 $ 1,221
Preferred stock, par value (in dollars per share) $ 1 $ 1
Preferred stock, authorized (in shares)10,000,000 10,000,000
Common stock, par value (in dollars per share) $ 1 $ 1
Common stock, authorized (in shares)14,000,000,000 14,000,000,000
Common stock, issued (in shares)7,620,748,598 7,620,748,598
Treasury stock, held (in shares)480,891,895 494,826,583
Preferred Stock - Series A
Preferred stock, issued (in shares)48,000 48,000
Preferred stock, outstanding (in shares)48,000 48,000
Preferred Stock - Series B
Preferred stock, issued (in shares)20,000 20,000
Preferred stock, outstanding (in shares)20,000 20,000
Preferred Stock - Series C
Preferred stock, issued (in shares)70,000 70,000
Preferred stock, outstanding (in shares)70,000 70,000

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Millions6 Months Ended
Jun. 30, 2021Jun. 30, 2020
Operating Activities
Net income $ 9,816 $ 6,526
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization11,570 14,507
Amortization of film and television costs6,256 3,985
Undistributed earnings from investments in equity affiliates15 64
Provision for uncollectible accounts596 1,199
Deferred income tax expense1,772 653
Net (gain) loss on investments, net of impairments(237)(705)
Pension and postretirement benefit expense (credit)(1,899)(1,495)
Actuarial (gain) loss on pension and postretirement benefits(2,647)0
Asset impairments and abandonments4,555 2,442
Changes in operating assets and liabilities:
Receivables1,415 2,522
Other current assets, inventories and theatrical film and television production costs(6,985)(5,592)
Accounts payable and other accrued liabilities(4,298)(3,847)
Equipment installment receivables and related sales811 226
Deferred customer contract acquisition and fulfillment costs410 322
Postretirement claims and contributions(207)(228)
Other - net(106)346
Total adjustments11,021 14,399
Net Cash Provided by Operating Activities20,837 20,925
Investing Activities
Capital expenditures(7,992)(9,432)
Acquisitions, net of cash acquired(23,169)(1,174)
Dispositions635 347
Other - net(105)(19)
Net Cash Used in Investing Activities(30,631)(10,278)
Financing Activities
Net change in short-term borrowings with original maturities of three months or less76 498
Issuance of other short-term borrowings16,440 8,440
Repayment of other short-term borrowings(857)(5,975)
Issuance of long-term debt9,097 21,060
Repayment of long-term debt(1,155)(17,284)
Payment of vendor financing(2,994)(1,354)
Issuance of preferred stock0 3,869
Purchase of treasury stock(185)(5,480)
Issuance of treasury stock85 84
Dividends paid(7,571)(7,474)
Other - net(1,036)(2,295)
Net Cash Provided by (Used in) Financing Activities11,900 (5,911)
Net increase in cash and cash equivalents and restricted cash2,106 4,736
Cash and cash equivalents and restricted cash beginning of year9,870 12,295
Cash and Cash Equivalents and Restricted Cash End of Period $ 11,976 $ 17,031

Consolidated Statement Of Chang

Consolidated Statement Of Changes In Stockholders' Equity - USD ($) shares in Millions, $ in MillionsTotalPreferred StockPreferred Stock - Series APreferred StockPreferred Stock - Series BPreferred StockPreferred Stock - Series CCommon StockAdditional Paid-In CapitalAdditional Paid-In CapitalPreferred StockAdditional Paid-In CapitalCommon StockRetained EarningsRetained EarningsCumulative effect of accounting change and other adjustmentsRetained EarningsAdjusted beginning balanceTreasury StockAccumulated Other Comprehensive Income Attributable to AT&T, net of taxNoncontrolling InterestNoncontrolling InterestCumulative effect of accounting change and other adjustmentsNoncontrolling InterestAdjusted beginning balance
Balance at beginning of period at Dec. 31, 2019 $ 201,934 $ 0 $ 0 $ 0 $ 7,621 $ 126,279 $ 57,936 $ (293) $ 57,643 $ (13,085) $ 5,470 $ 17,713 $ (7) $ 17,706
Balance at beginning of period (in shares) at Dec. 31, 20190 0 0 7,621 (366)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase and acquisition of common stock $ 67
Issuance of stock $ 0 $ 0 $ 0 $ 0 $ 3,869
Issuance of stock (in shares)0 0 0 0
Repurchase and acquisition of common stock $ (5,581)
Repurchase and acquisition of common stock (in shares)(148)
Issuance/reissuance of treasury stock(54) $ 721
Issuance/reissuance of treasury stock (in shares)19
Share-based payments(115)
Net income attributable to AT&T5,891 5,891
Preferred stock dividends(68)
Common stock dividends ($0.52, $0.52, $1.04 and $1.04 per share)(7,421)
Other comprehensive income attributable to AT&T(5,341)(5,341)
Net income attributable to noncontrolling interest635 635
Issuance and acquisition by noncontrolling owners1
Distributions(726)
Translation adjustments attributable to noncontrolling interest, net of taxes59 (59)
Balance at end of period at Jun. 30, 2020193,453 $ 0 $ 0 $ 0 $ 7,621 130,046 56,045 $ (17,945)129 17,557
Balance at end of period (in shares) at Jun. 30, 20200 0 0 7,621 (495)
Balance at beginning of period at Mar. 31, 2020195,449 $ 0 $ 0 $ 0 $ 7,621 129,966 58,534 0 58,534 $ (17,957)(385)17,670 0 17,670
Balance at beginning of period (in shares) at Mar. 31, 20200 0 0 7,621 (496)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase and acquisition of common stock0
Issuance of stock $ 0 $ 0 $ 0 $ 0 0
Issuance of stock (in shares)0 0 0 0
Repurchase and acquisition of common stock $ (34)
Repurchase and acquisition of common stock (in shares)0
Issuance/reissuance of treasury stock(7) $ 46
Issuance/reissuance of treasury stock (in shares)1
Share-based payments87
Net income attributable to AT&T1,281 1,281
Preferred stock dividends(36)
Common stock dividends ($0.52, $0.52, $1.04 and $1.04 per share)(3,734)
Other comprehensive income attributable to AT&T514
Net income attributable to noncontrolling interest282 282
Issuance and acquisition by noncontrolling owners0
Distributions(387)
Translation adjustments attributable to noncontrolling interest, net of taxes8 (8)
Balance at end of period at Jun. 30, 2020193,453 $ 0 $ 0 $ 0 $ 7,621 130,046 56,045 $ (17,945)129 17,557
Balance at end of period (in shares) at Jun. 30, 20200 0 0 7,621 (495)
Balance at beginning of period at Dec. 31, 2020179,240 $ 0 $ 0 $ 0 $ 7,621 130,175 37,457 0 37,457 $ (17,910)4,330 17,567 0 17,567
Balance at beginning of period (in shares) at Dec. 31, 20200 0 0 7,621 (495)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase and acquisition of common stock0
Issuance of stock $ 0 $ 0 $ 0 $ 0 0
Issuance of stock (in shares)0 0 0 0
Repurchase and acquisition of common stock $ (215)
Repurchase and acquisition of common stock (in shares)(7)
Issuance/reissuance of treasury stock(75) $ 793
Issuance/reissuance of treasury stock (in shares)21
Share-based payments(159)
Net income attributable to AT&T9,120 9,120
Preferred stock dividends(152)
Common stock dividends ($0.52, $0.52, $1.04 and $1.04 per share)(7,478)
Other comprehensive income attributable to AT&T(1,211)(1,211)
Net income attributable to noncontrolling interest696 696
Issuance and acquisition by noncontrolling owners0
Distributions(715)
Translation adjustments attributable to noncontrolling interest, net of taxes(2)2
Balance at end of period at Jun. 30, 2021179,846 $ 0 $ 0 $ 0 $ 7,621 129,941 38,947 $ (17,332)3,119 17,550
Balance at end of period (in shares) at Jun. 30, 20210 0 0 7,621 (481)
Balance at beginning of period at Mar. 31, 2021183,079 $ 0 $ 0 $ 0 $ 7,621 129,856 41,154 $ 0 $ 41,154 $ (17,342)4,199 17,591 $ 0 $ 17,591
Balance at beginning of period (in shares) at Mar. 31, 20210 0 0 7,621 (481)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase and acquisition of common stock $ 0
Issuance of stock $ 0 $ 0 $ 0 $ 0 $ 0
Issuance of stock (in shares)0 0 0 0
Repurchase and acquisition of common stock $ (39)
Repurchase and acquisition of common stock (in shares)(1)
Issuance/reissuance of treasury stock(5) $ 49
Issuance/reissuance of treasury stock (in shares)1
Share-based payments90
Net income attributable to AT&T1,570 1,570
Preferred stock dividends(35)
Common stock dividends ($0.52, $0.52, $1.04 and $1.04 per share)(3,742)
Other comprehensive income attributable to AT&T(1,080)
Net income attributable to noncontrolling interest304 304
Issuance and acquisition by noncontrolling owners0
Distributions(351)
Translation adjustments attributable to noncontrolling interest, net of taxes(6)6
Balance at end of period at Jun. 30, 2021 $ 179,846 $ 0 $ 0 $ 0 $ 7,621 $ 129,941 $ 38,947 $ (17,332) $ 3,119 $ 17,550
Balance at end of period (in shares) at Jun. 30, 20210 0 0 7,621 (481)

Consolidated Statement Of Cha_2

Consolidated Statement Of Changes In Stockholders' Equity (Parenthetical) - $ / shares3 Months Ended6 Months Ended
Jun. 30, 2021Jun. 30, 2020Jun. 30, 2021Jun. 30, 2020
Statement of Stockholders' Equity [Abstract]
Dividends to stockholders, per share (in dollars per share) $ 0.52 $ 0.52 $ 1.04 $ 1.04

Preparation Of Interim Financia

Preparation Of Interim Financial Statements6 Months Ended
Jun. 30, 2021
Accounting Policies [Abstract]
Preparation Of Interim Financial StatementsNOTE 1. PREPARATION OF INTERIM FINANCIAL STATEMENTS Basis of Presentation Throughout this document, AT&T Inc. is referred to as “we,” “AT&T” or the “Company.” The consolidated financial statements include the accounts of the Company and subsidiaries and affiliates which we control. AT&T is a holding company whose subsidiaries and affiliates operate worldwide in the telecommunications, media and technology industries. You should read this document in conjunction with the consolidated financial statements and accompanying notes included in our Annual Report on Form 10-K for the year ended December 31, 2020. The results for the interim periods are not necessarily indicative of those for the full year. These consolidated financial statements include all adjustments that are necessary to present fairly the results for the presented interim periods, consisting of normal recurring accruals and other items. All significant intercompany transactions are eliminated in the consolidation process. Investments in subsidiaries and partnerships which we do not control but have significant influence are accounted for under the equity method. Earnings from certain investments accounted for using the equity method are included in our results on a one quarter lag. We also record our proportionate share of our equity method investees’ other comprehensive income (OCI) items. The preparation of financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Certain prior period amounts have been conformed to the current period’s presentation (see Note 4 and Note 5). In the tables throughout this document, percentage increases and decreases that are not considered meaningful are denoted with a dash.

Earnings Per Share

Earnings Per Share6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]
Earnings Per ShareNOTE 2. EARNINGS PER SHARE A reconciliation of the numerators and denominators of basic and diluted earnings per share for the three months and six months ended June 30, 2021 and 2020, is shown in the table below: Three months ended Six months ended June 30, June 30, 2021 2020 2021 2020 Numerators Numerator for basic earnings per share: Net Income Attributable to Common Stock $ 1,514 $ 1,229 $ 9,014 $ 5,807 Dilutive potential common shares: Share-based payment 5 5 11 11 Numerator for diluted earnings per share $ 1,519 $ 1,234 $ 9,025 $ 5,818 Denominators (000,000) Denominator for basic earnings per share: Weighted average number of common shares outstanding 7,168 7,145 7,165 7,166 Dilutive potential common shares: Share-based payment (in shares) 32 25 29 26 Denominator for diluted earnings per share 7,200 7,170 7,194 7,192

Other Comprehensive Income

Other Comprehensive Income6 Months Ended
Jun. 30, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Other Comprehensive IncomeNOTE 3. OTHER COMPREHENSIVE INCOME Changes in the balances of each component included in accumulated OCI are presented below. All amounts are net of tax and exclude noncontrolling interest. Foreign Currency Translation Adjustment Net Unrealized Gains (Losses) on Securities Net Unrealized Gains (Losses) on Derivative Instruments Defined Benefit Postretirement Plans Accumulated Other Comprehensive Income (Loss) Balance as of December 31, 2020 $ (3,926) $ 111 $ (779) $ 8,924 $ 4,330 Other comprehensive income (loss) before reclassifications 190 (35) (398) — (243) Amounts reclassified from accumulated OCI — 1 (3) 1 46 2 (1,011) 3 (968) Net other comprehensive income (loss) 190 (38) (352) (1,011) (1,211) Balance as of June 30, 2021 $ (3,736) $ 73 $ (1,131) $ 7,913 $ 3,119 Foreign Currency Translation Adjustment Net Unrealized Gains (Losses) on Securities Net Unrealized Gains (Losses) on Derivative Instruments Defined Benefit Postretirement Plans Accumulated Other Comprehensive Income (Loss) Balance as of December 31, 2019 $ (3,056) $ 48 $ (37) $ 8,515 $ 5,470 Other comprehensive income (loss) before reclassifications (1,490) 80 (3,026) — (4,436) Amounts reclassified from accumulated OCI — 1 — 1 17 2 (922) 3 (905) Net other comprehensive income (loss) (1,490) 80 (3,009) (922) (5,341) Balance as of June 30, 2020 $ (4,546) $ 128 $ (3,046) $ 7,593 $ 129 1 (Gains) losses are included in “ Other income (expense) - net ” in the consolidated statements of income. 2 (Gains) losses are primarily included in “ Interest expense ” in the consolidated statements of income (see Note 7). 3 The amortization of prior service credits associated with postretirement benefits are included in “ Other income (expense) - net ” in the consolidated statements of income (see Note 6).

Segment Information

Segment Information6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]
Segment InformationNOTE 4. SEGMENT INFORMATION Our segments are comprised of strategic business units or other operations that offer products and services to different customer segments over various technology platforms and/or in different geographies that are managed accordingly. We analyze our segments based on segment operating contribution, which consists of operating income, excluding acquisition-related costs and other significant items (as discussed below), and equity in net income (loss) of affiliates for investments managed within each segment. We have three reportable segments: (1) Communications, (2) WarnerMedia and (3) Latin America. We also evaluate segment and business unit performance based on EBITDA and/or EBITDA margin, which is defined as operating contribution excluding equity in net income (loss) of affiliates and depreciation and amortization. We believe EBITDA to be a relevant and useful measurement to our investors as it is part of our internal management reporting and planning processes and it is an important metric that management uses to evaluate operating performance. EBITDA does not give effect to depreciation and amortization expenses incurred in operating contribution nor is it burdened by cash used for debt service requirements and thus does not reflect available funds for distributions, reinvestment or other discretionary uses. EBITDA margin is EBITDA divided by total revenues. In the first quarter of 2021, we recast our segment results for all prior periods to reflect the following: • Communications segment results were recast to remove the held-for-sale businesses, principally Video, instead reporting those results in Corporate and Other. Additionally, we refined the allocation of shared infrastructure and deferred customer acquisition costs between Consumer Wireline and Video. • WarnerMedia segment results reflect our operation of WarnerMedia as one integrated organization. The Communications segment provides wireless and wireline telecom and broadband services to consumers located in the U.S. and businesses globally. Our business strategies reflect bundled product offerings that cut across product lines and utilize shared assets. This segment contains the following business units: • Mobility provides nationwide wireless service and equipment. • Business Wireline provides advanced IP-based services, as well as traditional voice and data services and related equipment to business customers. • Consumer Wireline provides internet, including broadband fiber, and legacy telephony voice communication services to residential customers. The WarnerMedia segment develops, produces and distributes feature films, television, gaming and other content in various physical and digital formats globally. WarnerMedia content is distributed through basic networks, Direct-to-Consumer (DTC) or theatrical, TV content and games licensing. Segment results also include Xandr advertising and Otter Media Holdings. On May 17, 2021, we entered into an agreement to combine our WarnerMedia segment, subject to certain exceptions, with a subsidiary of Discovery Inc. (See Note 8) Effective January 1, 2021, we updated our reporting units to reflect recent changes in how WarnerMedia, an integrated content organization that distributes across various platforms, is managed and evaluated. With this operational change, the reporting unit is deemed to be the operating segment. The previous reporting units, Turner, Home Box Office, Warner Bros., and Xandr, and the new WarnerMedia reporting unit were tested for goodwill impairment on January 1, 2021, for which there was none. The Latin America segment provides entertainment and wireless services outside of the U.S. This segment contains the following business units: • Vrio provides video services primarily to residential customers using satellite technology in Latin America and the Caribbean. • Mexico provides wireless service and equipment to customers in Mexico. On July 21, 2021, we entered into an agreement to sell our Vrio business to Grupo Werthein (see Note 8). The transaction is expected to close within one year. We applied held-for-sale accounting to Vrio as of June 30, 2021, and continue to present the Vrio results within the Latin America segment consistent with how performance was assessed and resource allocation decisions were made through June 30, 2021. Corporate and Other reconciles our segment results to consolidated operating income and income before income taxes, and includes: • Corporate , which consists of: (1) businesses no longer integral to our operations or which we no longer actively market, (2) corporate support functions, (3) impacts of corporate-wide decisions for which the individual operating segments are not being evaluated, and (4) the reclassification of the amortization of prior service credits, which we continue to report with segment operating expenses, to consolidated “Other income (expense) – net.” • Video, which consists of our held-for-sale U.S. video operations, which provides video, including over-the-top (OTT) services and also sells multiplatform advertising services. • Acquisition-related items , which consists of items associated with the merger and integration of acquired or divested businesses, including amortization of intangible assets. • Certain significant items , which includes (1) employee separation charges associated with voluntary and/or strategic offers, (2) asset impairments and abandonments, and (3) other items for which the segments are not being evaluated. • Eliminations and consolidations , which (1) removes transactions involving dealings between our segments, including channel distribution between WarnerMedia and Video, and (2) includes adjustments for our reporting of the advertising business. “Interest expense” and “Other income (expense) – net,” are managed only on a total company basis and are, accordingly, reflected only in consolidated results. For the three months ended June 30, 2021 Revenues Operations EBITDA Depreciation Operating Equity in Net Segment Communications Mobility $ 18,936 $ 10,911 $ 8,025 $ 2,023 $ 6,002 $ — $ 6,002 Business Wireline 6,052 3,709 2,343 1,293 1,050 — 1,050 Consumer Wireline 3,140 2,083 1,057 769 288 — 288 Total Communications 28,128 16,703 11,425 4,085 7,340 — 7,340 WarnerMedia 8,791 6,934 1,857 165 1,692 47 1,739 Latin America Vrio 749 660 89 114 (25) 2 (23) Mexico 688 667 21 150 (129) — (129) Total Latin America 1,437 1,327 110 264 (154) 2 (152) Segment Total 38,356 24,964 13,392 4,514 8,878 $ 49 $ 8,927 Corporate and Other Corporate 1 361 1,160 (799) 30 (829) Video 6,639 5,275 1,364 148 1,216 Acquisition-related items — — — 1,069 (1,069) Certain significant items — 4,555 (4,555) — (4,555) Eliminations and consolidations (1,311) (939) (372) — (372) AT&T Inc. $ 44,045 $ 35,015 $ 9,030 $ 5,761 $ 3,269 1 Operations and Support Expenses include $672 for the reclassification of prior service credit amortization. For the three months ended June 30, 2020 Revenues Operations and Support Expenses EBITDA Depreciation and Amortization Operating Income (Loss) Equity in Net Segment Contribution Communications Mobility $ 17,149 $ 9,332 $ 7,817 $ 2,012 $ 5,805 $ — $ 5,805 Business Wireline 6,305 3,714 2,591 1,301 1,290 — 1,290 Consumer Wireline 3,051 1,928 1,123 730 393 — 393 Total Communications 26,505 14,974 11,531 4,043 7,488 — 7,488 WarnerMedia 6,728 4,656 2,072 164 1,908 4 1,912 Latin America Vrio 752 661 91 127 (36) 8 (28) Mexico 480 538 (58) 115 (173) — (173) Total Latin America 1,232 1,199 33 242 (209) 8 (201) Segment Total 34,465 20,829 13,636 4,449 9,187 $ 12 $ 9,199 Corporate and Other Corporate 1 589 1,069 (480) 99 (579) Video 7,021 5,809 1,212 593 619 Acquisition-related items — 211 (211) 2,145 (2,356) Certain significant items — 3,084 (3,084) — (3,084) Eliminations and consolidations (1,125) (869) (256) (1) (255) AT&T Inc. $ 40,950 $ 30,133 $ 10,817 $ 7,285 $ 3,532 1 Operations and Support Expenses include $611 for the reclassification of prior service credit amortization. For the six months ended June 30, 2021 Revenues Operations EBITDA Depreciation Operating Equity in Net Segment Communications Mobility $ 37,970 $ 21,929 $ 16,041 $ 4,037 $ 12,004 $ — $ 12,004 Business Wireline 12,098 7,419 4,679 2,571 2,108 — 2,108 Consumer Wireline 6,238 4,114 2,124 1,531 593 — 593 Total Communications 56,306 33,462 22,844 8,139 14,705 — 14,705 WarnerMedia 17,317 13,337 3,980 328 3,652 117 3,769 Latin America Vrio 1,492 1,321 171 231 (60) (2) (62) Mexico 1,319 1,287 32 295 (263) — (263) Total Latin America 2,811 2,608 203 526 (323) (2) (325) Segment Total 76,434 49,407 27,027 8,993 18,034 $ 115 $ 18,149 Corporate and Other Corporate 1 787 2,373 (1,586) 65 (1,651) Video 13,364 10,935 2,429 312 2,117 Acquisition-related items — 37 (37) 2,200 (2,237) Certain significant items — 4,612 (4,612) — (4,612) Eliminations and consolidations (2,601) (1,880) (721) — (721) AT&T Inc. $ 87,984 $ 65,484 $ 22,500 $ 11,570 $ 10,930 1 Operations and Support Expenses include $1,341 for the reclassification of prior service credit amortization. For the six months ended June 30, 2020 Revenues Operations and Support Expenses EBITDA Depreciation and Amortization Operating Income (Loss) Equity in Net Segment Contribution Communications Mobility $ 34,551 $ 18,901 $ 15,650 $ 4,057 $ 11,593 $ — $ 11,593 Business Wireline 12,571 7,601 4,970 2,587 2,383 — 2,383 Consumer Wireline 6,162 3,807 2,355 1,442 913 — 913 Total Communications 53,284 30,309 22,975 8,086 14,889 — 14,889 WarnerMedia 14,493 10,261 4,232 325 3,907 19 3,926 Latin America Vrio 1,639 1,444 195 274 (79) 12 (67) Mexico 1,183 1,252 (69) 249 (318) — (318) Total Latin America 2,822 2,696 126 523 (397) 12 (385) Segment Total 70,599 43,266 27,333 8,934 18,399 $ 31 $ 18,430 Corporate and Other Corporate 1 1,123 2,081 (958) 189 (1,147) Video 14,428 11,829 2,599 1,184 1,415 Acquisition-related items — 393 (393) 4,201 (4,594) Certain significant items — 2,426 (2,426) — (2,426) Eliminations and consolidations (2,421) (1,791) (630) (1) (629) AT&T Inc. $ 83,729 $ 58,204 $ 25,525 $ 14,507 $ 11,018 1 Operations and Support Expenses include $1,223 for the reclassification of prior service credit amortization. The following table is a reconciliation of Segment Contributions to “Income Before Income Taxes” reported in our consolidated statements of income: Three months ended Six months ended 2021 2020 2021 2020 Communications $ 7,340 $ 7,488 $ 14,705 $ 14,889 WarnerMedia 1,739 1,912 3,769 3,926 Latin America (152) (201) (325) (385) Segment Contribution 8,927 9,199 18,149 18,430 Reconciling Items: Corporate and Other (829) (579) (1,651) (1,147) Video 1,216 619 2,117 1,415 Merger costs — (211) (37) (393) Amortization of intangibles acquired (1,069) (2,145) (2,200) (4,201) Asset impairments and abandonments (4,555) (2,319) (4,555) (2,442) Gain on spectrum transaction 1 — — — 900 Employee separation costs and benefit-related losses — (765) (57) (884) Segment equity in net income of affiliates (49) (12) (115) (31) Eliminations and consolidations (372) (255) (721) (629) AT&T Operating Income 3,269 3,532 10,930 11,018 Interest Expense 1,684 2,041 3,554 4,059 Equity in net income (loss) of affiliates 41 (10) 93 (16) Other income (expense) - net 999 1,017 5,220 1,820 Income Before Income Taxes $ 2,625 $ 2,498 $ 12,689 $ 8,763 1 Included as a reduction of "Selling, general and administrative expenses" in the consolidated statement of income. The following tables presents intersegment revenues and assets by segment: Intersegment Reconciliation Three months ended Six months ended 2021 2020 2021 2020 Intersegment Revenues Communications $ 3 $ 2 $ 6 $ 4 WarnerMedia 840 774 1,678 1,591 Latin America — — — — Total Intersegment Revenues 843 776 1,684 1,595 Consolidations 468 349 917 826 Eliminations and consolidations $ 1,311 $ 1,125 $ 2,601 $ 2,421

Revenue Recognition

Revenue Recognition6 Months Ended
Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Revenue RecognitionNOTE 5. REVENUE RECOGNITION Revenue Categories The following tables set forth reported revenue by category and by business unit, prior period amounts have been recast to conform to the current period presentation with our first quarter 2021 segment updates (see Note 4). For the three months ended June 30, 2021 Communications Mobility Business Wireline Consumer Wireline WarnerMedia Latin America Corporate & Other Elim. Total Wireless service $ 14,252 $ — $ — $ — $ 447 $ 27 $ — $ 14,726 Video service — — — — 749 6,197 — 6,946 Business service — 5,860 — — — — — 5,860 Broadband — — 2,266 — — — — 2,266 Subscription — — — 3,961 — — — 3,138 DTC (HBO Max) 1 — — — — — — (253) Other 2 — — — — — — (570) Content — — — 3,492 — — — 2,876 DTC (HBO Max) 3 — — — (392) — — — Other 3 — — — (224) — — — Advertising 94 — — 1,739 — 410 (410) 1,833 Legacy voice and data — — 504 — — 113 — 617 Other — — 336 215 — 221 (78) 694 Total Service 14,346 5,860 3,106 8,791 1,196 6,968 (1,311) 38,956 Equipment 4,590 192 34 — 241 32 — 5,089 Total $ 18,936 $ 6,052 $ 3,140 $ 8,791 $ 1,437 $ 7,000 $ (1,311) $ 44,045 1 Represents DTC (HBO Max) intercompany sales to the Communications segment ($162 with Mobility and $91 with Consumer Wireline). 2 Represents intercompany video distribution arrangements primarily to DIRECTV/U-verse from WarnerMedia. 3 Represents intercompany transactions in the WarnerMedia segment. For the three months ended June 30, 2020 Communications Mobility Business Wireline Consumer Wireline WarnerMedia Latin America Corporate & Other Elim. Total Wireless service $ 13,611 $ — $ — $ — $ 345 $ 179 $ — $ 14,135 Video service — — — — 752 6,685 — 7,437 Business service — 6,101 — — — 78 — 6,179 Broadband — — 2,092 — — — — 2,092 Subscription — — — 3,265 — — — 2,500 DTC (HBO Max) — — — — — — (61) Other 1 — — — — — — (704) Content — — — 3,694 — — — 2,208 DTC (HBO Max) 2 — — — (1,248) — — — Other 3 — — — (238) — — — Advertising 58 — — 1,171 — 294 (294) 1,229 Legacy voice and data — — 560 — — 153 — 713 Other — — 398 84 — 142 (66) 558 Total Service 13,669 6,101 3,050 6,728 1,097 7,531 (1,125) 37,051 Equipment 3,480 204 1 — 135 79 — 3,899 Total $ 17,149 $ 6,305 $ 3,051 $ 6,728 $ 1,232 $ 7,610 $ (1,125) $ 40,950 1 Represents DTC (HBO Max) intercompany sales to the Communications segment ($37 with Mobility and $24 with Consumer Wireline). 2 Represents intercompany video distribution arrangements primarily to DIRECTV/U-verse from WarnerMedia. 3 Represents intercompany transactions in the WarnerMedia segment. For the six months ended June 30, 2021 Communications Mobility Business Wireline Consumer Wireline WarnerMedia Latin America Corporate & Other Elim. Total Wireless service $ 28,217 $ — $ — $ — $ 886 $ 37 $ — $ 29,140 Video service — — — — 1,492 12,493 — 13,985 Business service — 11,732 — — — 70 — 11,802 Broadband — — 4,471 — — — — 4,471 Subscription — — — 7,791 — — 6,148 DTC (HBO Max) 1 — — — — — — (488) Other 2 — — — — — — (1,155) Content — — — 6,912 — — — 5,653 DTC (HBO Max) 3 — — — (723) — — — Other 3 — — — (536) — — — Advertising 177 — — 3,476 — 798 (798) 3,653 Legacy voice and data — — 1,023 — — 237 — 1,260 Other — — 668 397 — 443 (160) 1,348 Total Service 28,394 11,732 6,162 17,317 2,378 14,078 (2,601) 77,460 Equipment 9,576 366 76 — 433 73 — 10,524 Total $ 37,970 $ 12,098 $ 6,238 $ 17,317 $ 2,811 $ 14,151 $ (2,601) $ 87,984 1 Represents DTC (HBO Max) intercompany sales to the Communications segment ($307 with Mobility and $181 with Consumer Wireline). 2 Represents intercompany video distribution arrangements primarily to DIRECTV/U-verse from WarnerMedia. 3 Represents intercompany transactions in the WarnerMedia segment. For the six months ended June 30, 2020 Communications Mobility Business Wireline Consumer Wireline WarnerMedia Latin America Corporate & Other Elim. Total Wireless service $ 27,503 $ — $ — $ — $ 812 $ 295 $ — $ 28,610 Video service — — — — 1,639 13,669 — 15,308 Business service — 12,192 — — — 155 — 12,347 Broadband — — 4,201 — — — — 4,201 Subscription — — — 6,665 — — — 5,106 DTC (HBO Max) 1 — — — — — — (61) Other 2 — — — — — — (1,498) Content — — — 6,997 — — — 4,880 DTC (HBO Max) 3 — — — (1,649) — — — Other 3 — — — (468) — — — Advertising 134 — — 2,636 — 707 (707) 2,770 Legacy voice and data — — 1,141 — — 287 — 1,428 Other — — 817 312 — 310 (155) 1,284 Total Service 27,637 12,192 6,159 14,493 2,451 15,423 (2,421) 75,934 Equipment 6,914 379 3 — 371 128 — 7,795 Total $ 34,551 $ 12,571 $ 6,162 $ 14,493 $ 2,822 $ 15,551 $ (2,421) $ 83,729 1 Represents DTC (HBO Max) intercompany sales to the Communications segment ($37 with Mobility and $24 with Consumer Wireline). 2 Represents intercompany video distribution arrangements primarily to DIRECTV/U-verse from WarnerMedia. 3 Represents intercompany transactions in the WarnerMedia segment. Deferred Customer Contract Acquisition and Fulfillment Costs Costs to acquire and fulfill customer contracts, including commissions on service activations, for our wireless, business wireline, consumer wireline and video services, are deferred and amortized over the contract period or expected customer relationship life, which typically ranges from three years to five years. For contracts with an estimated amortization period of less than one year, we expense incremental costs immediately. The following table presents the deferred customer contract acquisition and fulfillment costs included on our consolidated balance sheets: June 30, December 31, Consolidated Balance Sheets 2021 2020 Deferred Acquisition Costs Prepaid and other current assets $ 3,750 $ 3,087 Other Assets 2,901 3,198 Total deferred customer contract acquisition costs $ 6,651 $ 6,285 Deferred Fulfillment Costs Prepaid and other current assets $ 4,720 $ 4,118 Other Assets 4,256 5,634 Total deferred customer contract fulfillment costs $ 8,976 $ 9,752 Deferred customer contract acquisition and fulfillment costs included in “Prepaid and other current assets” at June 30, 2021, include $1,465 of deferred acquisition costs ($414 of which were reclassified from “Other Assets”) and $2,116 of deferred fulfillment costs ($916 of which were reclassified from “Other Assets”) principally for our Video business, reflecting the held-for-sale treatment (see Note 8). The following table presents deferred customer contract acquisition and fulfillment cost amortization included in “Other cost of revenue” for the six months ended: June 30, June 30, Consolidated Statements of Income 2021 2020 Deferred acquisition cost amortization $ 1,623 $ 1,278 Deferred fulfillment cost amortization 2,422 2,636 Contract Assets and Liabilities A contract asset is recorded when revenue is recognized in advance of our right to bill and receive consideration. The contract asset will decrease as services are provided and billed. For example, when installment sales include promotional discounts (e.g., “buy one get one free”) the difference between revenue recognized and consideration received is recorded as a contract asset to be amortized over the contract term. When consideration is received in advance of the delivery of goods or services, a contract liability is recorded for deferred revenue. Reductions in the contract liability will be recorded as we satisfy the performance obligations. The following table presents contract assets and liabilities on our consolidated balance sheets: June 30, December 31, Consolidated Balance Sheets 2021 2020 Contract asset $ 4,072 $ 3,501 Current portion in “Prepaid and other current assets” 2,642 2,054 Contract liability 6,431 6,879 Current portion in “Advanced billings and customer deposits” 4,735 6,071 Current portion in “Accounts payable and accrued liabilities” 1,100 — Our beginning of period contract liability recorded as customer contract revenue during 2021 was $5,023. Remaining Performance Obligations Remaining performance obligations primarily relate to our Communications segment and represent services we are required to provide to customers under bundled or discounted arrangements, which are satisfied as services are provided over the contract term. In our WarnerMedia segment, the most significant remaining performance obligations relate to the licensing of theatrical and television content which will be made available to customers at some point in the future. In determining the transaction price allocated, we do not include non-recurring charges and estimates for usage, nor do we consider arrangements with an original expected duration of less than one year, which are primarily prepaid wireless, video and residential internet agreements. Remaining performance obligations associated with business contracts reflect recurring charges billed, adjusted to reflect estimates for sales incentives and revenue adjustments. Performance obligations associated with wireless contracts are estimated using a portfolio approach in which we review all relevant promotional activities, calculating the remaining performance obligation using the average service component for the portfolio and the average device price. As of June 30, 2021, the aggregate amount of the transaction price allocated to remaining performance obligations was $42,528, of which we expect to recognize approximately 82% by the end of 2022, with the balance recognized thereafter. Approximately $2,027 of the $42,528 remaining performance obligation relates to the Video business.

Pension And Postretirement Bene

Pension And Postretirement Benefits6 Months Ended
Jun. 30, 2021
Retirement Benefits [Abstract]
Pension And Postretirement BenefitsNOTE 6. PENSION AND POSTRETIREMENT BENEFITS Many of our employees are covered by one of our noncontributory pension plans. We also provide certain medical, dental, life insurance and death benefits to certain retired employees under various plans and accrue actuarially determined postretirement benefit costs. Our objective in funding these plans, in combination with the standards of the Employee Retirement Income Security Act of 1974, as amended (ERISA), is to accumulate assets sufficient to provide benefits described in the plans to employees upon their retirement. We do not have significant funding requirements in 2021. We recognize actuarial gains and losses on pension and postretirement plan assets in our consolidated results as a component of “Other income (expense) – net” at our annual measurement date of December 31, unless earlier remeasurements are required. We anticipate total distributions from the pension plan will exceed the threshold of service and interest costs for 2021, requiring us to follow settlement accounting and remeasure our pension benefit plan assets and obligations at each quarter-end in 2021, as we expect settlements to occur during each quarter. These remeasurements resulted in the recognition of an actuarial gain of $2,844 for the first quarter and an actuarial loss of $197 for the second quarter, totaling $2,647 gain for the six months ended June 30, 2021. As part of our 2021 remeasurements, we updated the weighted-average discount rate used to measure our pension benefit obligation from 2.70% at December 31, 2020 to 3.30% at March 31, 2021, and to 3.00% at June 30, 2021. The discount rate in effect for determining pension service and interest costs after our June 30 remeasurement is 3.30% and 2.30% respectively. The remeasurements also reflect actual returns on pension plan assets of 4.29% (six-month rate) relative to our expected long-term rate of 6.75% (annual rate). The following table details pension and postretirement benefit costs included in the accompanying consolidated statements of income. The service cost component of net periodic pension (credit) cost is recorded in operating expenses in the consolidated statements of income while the remaining components are recorded in “Other income (expense) – net.” Three months ended Six months ended June 30, June 30, 2021 2020 2021 2020 Pension cost: Service cost – benefits earned during the period $ 228 $ 258 $ 482 $ 515 Interest cost on projected benefit obligation 339 422 630 844 Expected return on assets (850) (890) (1,727) (1,779) Amortization of prior service credit (36) (29) (72) (57) Actuarial (gain) loss 197 — (2,647) — Net pension (credit) cost $ (122) $ (239) $ (3,334) $ (477) Postretirement cost: Service cost – benefits earned during the period $ 12 $ 13 $ 23 $ 26 Interest cost on accumulated postretirement benefit obligation 52 104 105 208 Expected return on assets (38) (45) (76) (89) Amortization of prior service credit (635) (582) (1,269) (1,164) Net postretirement (credit) cost $ (609) $ (510) $ (1,217) $ (1,019) Combined net pension and postretirement (credit) cost $ (731) $ (749) $ (4,551) $ (1,496) We also provide senior- and middle-management employees with nonqualified, unfunded supplemental retirement and savings plans. Net supplemental pension benefits costs not included in the table above were $11 and $19 in the second quarter and $23 and $38 for the first six months of 2021 and 2020, respectively.

Fair Value Measurements And Dis

Fair Value Measurements And Disclosure6 Months Ended
Jun. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements And DisclosureNOTE 7. FAIR VALUE MEASUREMENTS AND DISCLOSURE The Fair Value Measurement and Disclosure framework in ASC 820, “Fair Value Measurement,” provides a three-tiered fair value hierarchy based on the reliability of the inputs used to determine fair value. Level 1 refers to fair values determined based on quoted prices in active markets for identical assets. Level 2 refers to fair values estimated using significant other observable inputs and Level 3 includes fair values estimated using significant unobservable inputs. The level of an asset or liability within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Our valuation techniques maximize the use of observable inputs and minimize the use of unobservable inputs. The valuation methodologies described above may produce a fair value calculation that may not be indicative of future net realizable value or reflective of future fair values. We believe our valuation methods are appropriate and consistent with other market participants. The use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date. There have been no changes in the methodologies used since December 31, 2020. Long-Term Debt and Other Financial Instruments The carrying amounts and estimated fair values of our long-term debt, including current maturities, and other financial instruments, are summarized as follows: June 30, 2021 December 31, 2020 Carrying Fair Carrying Fair Amount Value Amount Value Notes and debentures 1 $ 171,445 $ 199,544 $ 155,209 $ 187,224 Commercial paper 6,571 6,571 — — Investment securities 2 3,300 3,300 3,249 3,249 1 Includes credit agreement borrowings. Amounts at June 30, 2021 exclude $200 associated with Video business and $35 associated with Vrio, which were classified as held-for-sale (see Note 8). 2 Excludes investments accounted for under the equity method. The carrying amount of debt with an original maturity of less than one year approximates fair value. The fair value measurements used for notes and debentures are considered Level 2 and are determined using various methods, including quoted prices for identical or similar securities in both active and inactive markets. Following is the fair value leveling for investment securities that are measured at fair value and derivatives as of June 30, 2021 and December 31, 2020. Derivatives designated as hedging instruments are reflected as “Other assets,” “Other noncurrent liabilities,” “Prepaid and other current assets” and “Accounts payable and accrued liabilities” on our consolidated balance sheets. June 30, 2021 Level 1 Level 2 Level 3 Total Equity Securities Domestic equities $ 1,142 $ — $ — $ 1,142 International equities 213 — — 213 Fixed income equities 231 — — 231 Available-for-Sale Debt Securities — 1,420 — 1,420 Asset Derivatives Cross-currency swaps — 856 — 856 Foreign exchange contracts — 7 — 7 Liability Derivatives Cross-currency swaps — (2,207) — (2,207) Foreign exchange contracts — (17) — (17) December 31, 2020 Level 1 Level 2 Level 3 Total Equity Securities Domestic equities $ 1,010 $ — $ — $ 1,010 International equities 180 — — 180 Fixed income equities 236 — — 236 Available-for-Sale Debt Securities — 1,479 — 1,479 Asset Derivatives Cross-currency swaps — 1,721 — 1,721 Foreign exchange contracts — 6 — 6 Liability Derivatives Cross-currency swaps — (1,814) — (1,814) Foreign exchange contracts — (9) — (9) Investment Securities Our investment securities include both equity and debt securities that are measured at fair value, as well as equity securities without readily determinable fair values. A substantial portion of the fair values of our investment securities is estimated based on quoted market prices. Investments in equity securities not traded on a national securities exchange are valued at cost, less any impairment, and adjusted for changes resulting from observable, orderly transactions for identical or similar securities. Investments in debt securities not traded on a national securities exchange are valued using pricing models, quoted prices of securities with similar characteristics or discounted cash flows. The components comprising total gains and losses in the period on equity securities are as follows: Three months ended Six months ended June 30, June 30, 2021 2020 2021 2020 Total gains (losses) recognized on equity securities $ 87 $ 161 $ 142 $ (42) Gains (Losses) recognized on equity securities sold — 9 — (24) Unrealized gains (losses) recognized on equity securities held at end of period $ 87 $ 152 $ 142 $ (18) At June 30, 2021, available-for-sale debt securities totaling $1,420 have maturities as follows - less than one year: $51; one to three years: $195; three to five years: $186; five or more years: $988. Our cash equivalents (money market securities), short-term investments (certificate and time deposits) and nonrefundable customer deposits are recorded at amortized cost, and the respective carrying amounts approximate fair values. Short-term investments and nonrefundable customer deposits are recorded in “Prepaid and other current assets” and our investment securities are recorded in “Other Assets” on the consolidated balance sheets. Derivative Financial Instruments We enter into derivative transactions to manage certain market risks, primarily interest rate risk and foreign currency exchange risk. This includes the use of interest rate swaps, interest rate locks, foreign exchange forward contracts and combined interest rate foreign exchange contracts (cross-currency swaps). We do not use derivatives for trading or speculative purposes. We record derivatives on our consolidated balance sheets at fair value that is derived from observable market data, including yield curves and foreign exchange rates (all of our derivatives are Level 2). Cash flows associated with derivative instruments are presented in the same category on the consolidated statements of cash flows as the item being hedged. Fair Value Hedging Periodically, we enter into and designate fixed-to-floating interest rate swaps as fair value hedges. The purpose of these swaps is to manage interest rate risk by managing our mix of fixed-rate and floating-rate debt. These swaps involve the receipt of fixed-rate amounts for floating interest rate payments over the life of the swaps without exchange of the underlying principal amount. We also designate some of our cross-currency swaps as fair value hedges. The purpose of these contracts is to hedge foreign currency risk associated with changes in spot rates on foreign denominated debt. The changes in fair values of cross-currency swaps attributable to the cross-currency basis spread are considered excluded components. Unrealized and realized gains or losses from fair value hedges impact the same category on the consolidated statements of income as the item being hedged. In instances where we have designated excluded components related to fair value hedges, unrealized gains or losses on such excluded components are recorded as a component of accumulated OCI and recognized into earnings through the swap accrual. Unrealized gains on derivatives designated as fair value hedges are recorded at fair market value as assets, and unrealized losses are recorded at fair market value as liabilities. Except for excluded components, changes in the fair value of derivative instruments designated as fair value hedges are offset against the change in fair value of the hedged assets or liabilities through earnings. In the six months ended June 30, 2021 and 2020, no ineffectiveness was measured on fair value hedges. Cash Flow Hedging We designate most of our cross-currency swaps as cash flow hedges. We have entered into multiple cross-currency swaps to hedge our exposure to variability in expected future cash flows that are attributable to foreign currency risk generated from our foreign-denominated debt. These agreements include initial and final exchanges of principal from fixed foreign currency denominated amounts to fixed U.S. dollar denominated amounts, to be exchanged at a specified rate that is usually determined by the market spot rate upon issuance. They also include an interest rate swap of a fixed or floating foreign currency-denominated interest rate to a fixed U.S. dollar denominated interest rate. We also designate some of our foreign exchange contracts as cash flow hedges. The purpose of these contracts is to hedge certain forecasted film production costs and film tax incentives denominated in foreign currencies. Unrealized gains on derivatives designated as cash flow hedges are recorded at fair value as assets, and unrealized losses are recorded at fair value as liabilities. For derivative instruments designated as cash flow hedges, changes in fair value are reported as a component of accumulated OCI and are reclassified into the consolidated statements of income in the same period the hedged transaction affects earnings. Periodically, we enter into and designate interest rate locks to partially hedge the risk of changes in interest payments attributable to increases in the benchmark interest rate during the period leading up to the probable issuance of fixed-rate debt. We designate our interest rate locks as cash flow hedges. Gains and losses when we settle our interest rate locks are amortized into income over the life of the related debt. Over the next 12 months, we expect to reclassify $81 from accumulated OCI to “Interest expense” due to the amortization of net losses on historical interest rate locks. Net Investment Hedging We have designated €1,450 million aggregate principal amount of debt as a hedge of the variability of some of the Euro-denominated net investments of our subsidiaries. The gain or loss on the debt that is designated as, and is effective as, an economic hedge of the net investment in a foreign operation is recorded as a currency translation adjustment within accumulated OCI, net on the consolidated balance sheets. Net losses on net investment hedges recognized in accumulated OCI in the second quarter were $19 and net gains for the first six months of 2021 were $51. Collateral and Credit-Risk Contingency We have entered into agreements with our derivative counterparties establishing collateral thresholds based on respective credit ratings and netting agreements. At June 30, 2021, we had posted collateral of $68 (a deposit asset) and held collateral of $398 (a receipt liability). Under the agreements, if AT&T’s credit rating had been downgraded two ratings levels by Fitch Ratings, one level by S&P and one level by Moody’s before the final collateral exchange in June, we would have been required to post additional collateral of $57. If AT&T’s credit rating had been downgraded three ratings levels by Fitch Ratings, two levels by S&P, and two levels by Moody’s, we would have been required to post additional collateral of $1,550. If DIRECTV Holdings LLC’s credit rating had been downgraded below BBB- by S&P, we would have been required to post additional collateral of $3. At December 31, 2020, we had posted collateral of $53 (a deposit asset) and held collateral of $694 (a receipt liability). We do not offset the fair value of collateral, whether the right to reclaim cash collateral (a receivable) or the obligation to return cash collateral (a payable) exists, against the fair value of the derivative instruments. Following are the notional amounts of our outstanding derivative positions: June 30, December 31, 2021 2020 Cross-currency swaps $ 42,186 $ 40,745 Foreign exchange contracts 516 90 Total $ 42,702 $ 40,835 Following are the related hedged items affecting our financial position and performance: Effect of Derivatives on the Consolidated Statements of Income Three months ended Six months ended June 30, June 30, Fair Value Hedging Relationships 2021 2020 2021 2020 Interest rate swaps (Interest expense): Gain (Loss) on interest rate swaps $ (1) $ (14) $ (2) $ (4) Gain (Loss) on long-term debt 1 14 2 4 Cross-currency swaps: Gain (Loss) on cross-currency swaps 16 — (32) — Gain (Loss) on long-term debt (16) — 32 — Gain (Loss) recognized in accumulated OCI 2 — 1 — In addition, the net swap settlements that accrued and settled in the periods above were offset against “Interest expense.” The following table presents information for our cash flow hedging relationships: Three months ended Six months ended June 30, June 30, Cash Flow Hedging Relationships 2021 2020 2021 2020 Cross-currency swaps: Gain (Loss) recognized in accumulated OCI $ (1,149) $ 809 $ (505) $ (3,170) Foreign exchange contracts: Gain (Loss) recognized in accumulated OCI (4) 2 — (11) Other income (expense) - net reclassified from accumulated OCI into income (5) (3) (10) 13 Interest rate locks: Gain (Loss) recognized in accumulated OCI — (12) — (648) Interest income (expense) reclassified from accumulated OCI into income (23) (18) (48) (34)

Acquisitions, Dispositions And

Acquisitions, Dispositions And Other Adjustments6 Months Ended
Jun. 30, 2021
Business Combination and Asset Acquisition [Abstract]
Acquisitions, Dispositions And Other AdjustmentsNOTE 8. ACQUISITIONS, DISPOSITIONS AND OTHER ADJUSTMENTS Acquisitions Spectrum Auction On February 24, 2021, the Federal Communications Commission (FCC) announced that AT&T was the winning bidder for 1,621 C-Band licenses, comprised of a total of 80 MHz nationwide, including 40 MHz in Phase I. We provided to the FCC an upfront deposit of $550 in 2020 and cash payments totaling $22,856 in the first quarter of 2021, for a total of $23,406 to date. The licenses were granted by the FCC in July 2021 and remain subject to clearing. We estimate that we will be responsible for $955 of Incentive Payments upon clearing of Phase I spectrum, expected by the end of 2021, and $2,112 upon clearing of Phase II spectrum, expected by the end of 2023. Additionally, we will be responsible for approximately $1,000 of compensable relocation costs over the next several years as the spectrum is being cleared by satellite operators. Cash paid, including deposits and refunds, for spectrum and capitalized interest is included in “Acquisitions, net of cash acquired” on our consolidated statements of cash flows. Funding for the purchase price of the spectrum included a combination of cash on hand and short-term investments, as well as short- and long-term debt. The amounts deposited toward the acquisition of the licenses and capitalized interest were reported as “Deposits on Wireless Licenses” on our consolidated balance sheet as of June 30, 2021, and were reclassified to “Licenses - Net” upon receipt in July 2021. Interest is capitalized until the spectrum is ready for its intended use. Dispositions Video Business On July 31, 2021, we closed our transaction with TPG Capital (TPG) to form a new company named DIRECTV (New DTV), which is jointly governed by a board with representation from both AT&T and TPG, with TPG having tie-breaking authority on certain key decisions. We began accounting for our investment in New DTV under the equity method, effective August 1, 2021. After the close of the transaction, New DTV issued $6,200 of long-term debt on August 2, 2021. In connection with the transaction, we contributed our U.S. Video business unit to New DTV for $4,250 of junior preferred units, an additional distribution preference of $4,200 and a 70% economic interest in common units (collectively “equity considerations”). Upon close, we received approximately $7,130 in cash from New DTV ($7,600, net of $470 cash on hand) and transferred $195 of DIRECTV debt. TPG contributed approximately $1,800 in cash to New DTV for $1,800 of senior preferred units and a 30% economic interest in common units. As part of this transaction, we agreed to pay net losses under the NFL SUNDAY TICKET contract up to a cap of $2,100 over the remaining period of the contract. Due to the timing of the transaction, the separation of shared operations, and finalization of commercial and transition service arrangements, our assessment of the third-quarter 2021 financial impacts of the sale is ongoing. Under separate transition services agreements, we will provide New DTV certain operational support for up to three years. We also have entered into commercial arrangements, for up to five years, to provide network transport for U-verse products and sales services. In the first quarter of 2021, we applied held-for-sale accounting treatment to the assets and liabilities of the U.S. video business, and, accordingly, include the assets in “Prepaid and other current assets,” and the related liabilities in “Accounts payable and accrued liabilities,” on our consolidated balance sheet. The held-for-sale classification also resulted in ceasing depreciation and amortization on the designated assets. The historical characteristics of the assets and liabilities of the Video operations, using June 30, 2021 balances, is as follows: Assets held-for-sale: Current assets $ 3,616 Property, plant and equipment - net 2,572 Licenses, net 5,798 Other intangible assets, net 1,634 Other assets 1,846 Total Video assets (included in “Prepaid and other current $ 15,466 Liabilities related to assets held-for-sale: Current liabilities $ 3,592 Long-term debt 206 Other noncurrent liabilities 351 Total Video liabilities (included in “Accounts payable and $ 4,149 Pending Dispositions WarnerMedia On May 17, 2021, we entered into an agreement to combine our WarnerMedia segment, subject to certain exceptions, with a subsidiary of Discovery, Inc. (Discovery). The agreement is structured as a Reverse Morris Trust transaction, under which WarnerMedia will be distributed to AT&T’s shareholders via a pro rata dividend, an exchange offer, or a combination of both, followed by its combination with Discovery. The transaction is expected to be tax-free to AT&T and AT&T’s shareholders. AT&T will receive approximately $43,000 (subject to adjustment) in a combination of cash, debt securities, and WarnerMedia’s retention of certain debt; and AT&T’s shareholders will receive stock representing approximately 71% of the new company; Discovery shareholders will own approximately 29% of the new company. The transaction is expected to close in mid-2022, subject to approval by Discovery shareholders and customary closing conditions, including receipt of regulatory approvals. No vote is required by AT&T shareholders. The merger agreement contains certain customary termination rights for AT&T and Discovery, including, without limitation, a right for either party to terminate if the transaction is not completed on or before July 15, 2023. Termination under specified circumstances will require Discovery to pay AT&T a termination fee of $720 or AT&T to pay Discovery a termination fee of $1,770. Magallanes, Inc. (Spinco), a subsidiary of AT&T, entered into a $41,500 commitment letter (Bridge Loan) on May 17, 2021. On June 4, 2021, Spinco entered into a $10,000 term loan credit agreement (Spinco Term Loan) and reduced the aggregate commitment amount under the Bridge Loan to $31,500. There have been no draws on the Bridge Loan or the Spinco Term Loan. In the event advances are made under the Bridge Loan or Spinco Term Loan, those advances will be used by Spinco to finance a portion of the cash distribution to AT&T in connection with the transaction. Also, on June 23, 2021, we entered into an agreement to sell WarnerMedia’s mobile games app studio, Playdemic Ltd. (Playdemic), to Electronic Arts (EA) for approximately $1,400 in cash. Playdemic was excluded from the pending WarnerMedia/Discovery transaction. In the second quarter of 2021, we classified Playdemic as held-for-sale and included $564 of goodwill in “Prepaid and other current assets,” on our consolidated balance sheet at June 30, 2021. This transaction is subject to customary regulatory approvals and is expected to close by the end of 2021. Vrio On July 21, 2021, we entered into an agreement to sell our Latin America video operations, Vrio, to Grupo Werthein. In the second quarter of 2021, we classified the Vrio disposal group as held-for-sale and reported the disposal group at fair value less cost to sell, which resulted in a noncash, pre-tax impairment charge of $4,555, including approximately $2,100 related to accumulated foreign currency translation adjustments and $2,500 related to property, plant and equipment and intangible assets. Approximately $80 of the impairment was attributable to noncontrolling interest. At June 30, 2021, our consolidated balance sheet included $883 of Vrio held-for-sale assets reported in “Prepaid and other current assets,” primarily related to deferred customer contract acquisition and fulfillment costs, prepaids and other deferred charges, and $2,849 of related liabilities reported in “Accounts payable and accrued liabilities,” primarily for reserves associated with accumulated foreign currency translation adjustments, which will reverse against accumulated other comprehensive income upon close of the transaction. The transaction is expected to close in early 2022, pending customary closing conditions. We will retain our 41.3% interest in SKY Mexico, a leading pay-TV provider in Mexico.

Sales Of Receivables

Sales Of Receivables6 Months Ended
Jun. 30, 2021
Receivables [Abstract]
Sales Of ReceivablesNOTE 9. SALES OF RECEIVABLES We have agreements with various third-party financial institutions pertaining to the sales of certain types of our accounts receivable. The most significant of these programs are discussed in detail below and generally consist of (1) receivables arising from equipment installment plans, which are sold for cash and a deferred purchase price, and (2) revolving service and trade receivables. Under these programs, we transfer receivables to purchasers in exchange for cash and additional consideration upon settlement of the receivables, where applicable. Under the terms of our agreements for these programs, we continue to bill and collect the payments from our customers on behalf of the financial institutions. The sales of receivables did not have a material impact on our consolidated statements of income or to “Total Assets” reported on our consolidated balance sheets. We reflect cash receipts on sold receivables as cash flows from operations in our consolidated statements of cash flows. Cash receipts on the deferred purchase price are classified as cash flows from investing activities. Our equipment installment and revolving receivable programs are discussed in detail below. The following table sets forth a summary of the receivables and accounts being serviced: June 30, 2021 December 31, 2020 Equipment Equipment Installment Revolving Installment Revolving Gross receivables: $ 3,775 $ 3,714 $ 5,565 $ 3,909 Balance sheet classification Accounts receivable Notes receivable 1,933 — 2,716 — Trade receivables 435 3,518 554 3,715 Other Assets Noncurrent notes and trade receivables 1,407 196 2,295 194 Outstanding portfolio of receivables derecognized from our consolidated balance sheets 9,454 5,891 7,827 5,300 Cash proceeds received, net of remittances 1 6,735 5,891 5,646 5,300 1 Represents amounts to which financial institutions remain entitled, excluding the deferred purchase price. Equipment Installment Receivables Program We offer our customers the option to purchase certain wireless devices in installments over a specified period of time and, in many cases, once certain conditions are met, they may be eligible to trade in the original equipment for a new device and have the remaining unpaid balance paid or settled. We maintain a program under which we transfer a portion of these receivables through our bankruptcy-remote subsidiary in exchange for cash and additional consideration upon settlement of the receivables, referred to as the deferred purchase price. In the event a customer trades in a device prior to the end of the installment contract period, we agree to make a payment to the financial institutions equal to any outstanding remaining installment receivable balance. Accordingly, we record a guarantee obligation for this estimated amount at the time the receivables are transferred. The following table sets forth a summary of equipment installment receivables sold under this program during the three and six months ended June 30, 2021 and 2020: Three months ended Six months ended June 30, June 30, 2021 2020 2021 2020 Gross receivables sold $ 2,009 $ 1,506 $ 5,944 $ 3,873 Net receivables sold 1 1,963 1,449 5,789 3,722 Cash proceeds received 1,731 1,225 5,250 3,175 Deferred purchase price recorded 292 232 706 585 Guarantee obligation recorded 81 27 227 71 1 Receivables net of allowance, imputed interest and equipment trade-in right guarantees. The deferred purchase price and guarantee obligation are initially recorded at estimated fair value and subsequently adjusted for changes in present value of expected cash flows. The estimation of their fair values is based on remaining installment payments expected to be collected and the expected timing and value of device trade-ins. The estimated value of the device trade-ins considers prices offered to us by independent third parties and contemplate changes in value after the launch of a device model. The fair value measurements used for the deferred purchase price and the guarantee obligation are considered Level 3 under the Fair Value Measurement and Disclosure framework (see Note 7). The following table presents the previously transferred equipment installment receivables, which we repurchased in exchange for the associated deferred purchase price during the three and six months ended June 30, 2021 and 2020: Three months ended Six months ended June 30, June 30, 2021 2020 2021 2020 Fair value of repurchased receivables $ 350 $ 285 $ 623 $ 573 Carrying value of deferred purchase price 326 281 579 558 Gain on repurchases 1 $ 24 $ 4 $ 44 $ 15 1 These gains are included in "Selling, general and administrative" in the consolidated statements of income. At June 30, 2021 and December 31, 2020, our deferred purchase price receivable was $2,631 and $1,991, respectively, of which $1,639 and $1,476 are included in “Prepaid and other current assets” on our consolidated balance sheets, with the remainder in “Other Assets.” The guarantee obligation at June 30, 2021 and December 31, 2020 was $289 and $228, respectively, of which $92 and $161 are included in “Accounts payable and accrued liabilities” on our consolidated balance sheets, with the remainder in “Other noncurrent liabilities.” Our maximum exposure to loss as a result of selling these equipment installment receivables is limited to the total amount of our deferred purchase price and guarantee obligation. Revolving Receivables Program We have a revolving agreement to transfer up to $6,000 of certain receivables through our bankruptcy-remote subsidiaries to various financial institutions on a recurring basis in exchange for cash equal to the gross receivables transferred. This agreement is subject to renewal on an annual basis and the transfer limit may be expanded from time to time. As customers pay their balances, we transfer additional receivables into the program, resulting in our gross receivables sold exceeding net cash flow impacts (e.g., collect and reinvest). The transferred receivables are fully guaranteed by our bankruptcy-remote subsidiaries, which hold additional receivables in the amount of $3,714 that are pledged as collateral under this agreement. The transfers are recorded at fair value of the proceeds received and obligations assumed less derecognized receivables. The obligation is subsequently adjusted for changes in estimated expected credit losses and interest rates. Our maximum exposure to loss related to these receivables transferred is limited to the amount outstanding. The fair value measurement used for the obligation is considered Level 3 under the Fair Value Measurement and Disclosure framework (see Note 7). The following table sets forth a summary of receivables sold: Three months ended Six months ended June 30, June 30, 2021 2020 2021 2020 Gross receivables sold/cash proceeds received 1 $ 5,137 $ 3,805 $ 10,341 $ 8,027 Total collections under revolving agreement 2 5,001 3,805 9,750 7,027 Net cash proceeds received $ 136 $ — $ 591 $ 1,000 Net receivables sold 3 $ 5,132 $ 3,819 $ 10,257 $ 7,957 Obligations recorded (reversed) (131) (12) 11 114 1 Includes initial sales of receivables of $0 for each of the three months and $700 and $1,000 for the six months ended June 30, 2021 and 2020, respectively. 2 Includes collections of $0 for each of the three months and $109 and $0 for the six months ended June 30, 2021 and 2020, respectively, that were not reinvested under the revolving agreement. 3 Receivables net of allowance, return and incentive reserves and imputed interest.

Leases

Leases6 Months Ended
Jun. 30, 2021
Leases [Abstract]
LeasesNOTE 10. LEASES We have operating and finance leases for certain facilities and equipment used in operations. Our leases generally have remaining lease terms of up to 15 years. Some of our real estate operating leases contain renewal options that may be exercised, and some of our leases include options to terminate the leases within one year. We have recognized a right-of-use asset for both operating and finance leases, and an operating lease liability that represents the present value of our obligation to make payments over the lease term. The present value of the lease payments is calculated using the incremental borrowing rate for operating and finance leases, which was determined using a portfolio approach based on the rate of interest that we would have to pay to borrow an amount equal to the lease payments on a collateralized basis over a similar term. We use the unsecured borrowing rate and risk-adjust that rate to approximate a collateralized rate in the currency of the lease, which will be updated on a quarterly basis for measurement of new lease liabilities. The components of lease expense were as follows: Three months ended Six months ended June 30, June 30, 2021 2020 2021 2020 Operating lease cost $ 1,431 $ 1,449 $ 2,889 $ 2,826 Finance lease cost: Amortization of right-of-use assets $ 70 $ 73 $ 139 $ 140 Interest on lease obligation 41 36 80 77 Total finance lease cost $ 111 $ 109 $ 219 $ 217 The following table provides supplemental cash flows information related to leases: Six months ended June 30, 2021 2020 Cash Flows from Operating Activities Cash paid for amounts included in lease obligations: Operating cash flows for operating leases $ 2,509 $ 2,424 Supplemental Lease Cash Flow Disclosures Operating lease right-of-use assets obtained in exchange for new 2,349 2,895 The following tables set forth supplemental balance sheet information related to leases: June 30, December 31, Operating Leases Operating lease right-of-use assets $ 24,390 $ 24,714 Accounts payable and accrued liabilities $ 3,651 $ 3,537 Operating lease obligation 21,637 22,202 Total operating lease obligation $ 25,288 $ 25,739 Finance Leases Property, plant and equipment, at cost $ 2,755 $ 3,586 Accumulated depreciation and amortization (1,106) (1,361) Property, plant and equipment, net $ 1,649 $ 2,225 Current portion of long-term debt $ 161 $ 189 Long-term debt 1,606 1,847 Total finance lease obligation $ 1,767 $ 2,036 June 30, 2021 2020 Weighted-Average Remaining Lease Term (years) Operating leases 8.3 8.5 Finance leases 8.8 10.2 Weighted-Average Discount Rate Operating leases 3.9 % 4.2 % Finance leases 8.0 % 8.2 % The following table provides the expected future minimum maturities of lease obligations: At June 30, 2021 Operating Finance Leases Leases Remainder of 2021 $ 2,484 $ 143 2022 4,829 290 2023 4,400 277 2024 3,864 257 2025 3,127 251 Thereafter 12,203 1,344 Total lease payments 30,907 2,562 Less: imputed interest (5,619) (795) Total $ 25,288 $ 1,767
LeasesNOTE 10. LEASES We have operating and finance leases for certain facilities and equipment used in operations. Our leases generally have remaining lease terms of up to 15 years. Some of our real estate operating leases contain renewal options that may be exercised, and some of our leases include options to terminate the leases within one year. We have recognized a right-of-use asset for both operating and finance leases, and an operating lease liability that represents the present value of our obligation to make payments over the lease term. The present value of the lease payments is calculated using the incremental borrowing rate for operating and finance leases, which was determined using a portfolio approach based on the rate of interest that we would have to pay to borrow an amount equal to the lease payments on a collateralized basis over a similar term. We use the unsecured borrowing rate and risk-adjust that rate to approximate a collateralized rate in the currency of the lease, which will be updated on a quarterly basis for measurement of new lease liabilities. The components of lease expense were as follows: Three months ended Six months ended June 30, June 30, 2021 2020 2021 2020 Operating lease cost $ 1,431 $ 1,449 $ 2,889 $ 2,826 Finance lease cost: Amortization of right-of-use assets $ 70 $ 73 $ 139 $ 140 Interest on lease obligation 41 36 80 77 Total finance lease cost $ 111 $ 109 $ 219 $ 217 The following table provides supplemental cash flows information related to leases: Six months ended June 30, 2021 2020 Cash Flows from Operating Activities Cash paid for amounts included in lease obligations: Operating cash flows for operating leases $ 2,509 $ 2,424 Supplemental Lease Cash Flow Disclosures Operating lease right-of-use assets obtained in exchange for new 2,349 2,895 The following tables set forth supplemental balance sheet information related to leases: June 30, December 31, Operating Leases Operating lease right-of-use assets $ 24,390 $ 24,714 Accounts payable and accrued liabilities $ 3,651 $ 3,537 Operating lease obligation 21,637 22,202 Total operating lease obligation $ 25,288 $ 25,739 Finance Leases Property, plant and equipment, at cost $ 2,755 $ 3,586 Accumulated depreciation and amortization (1,106) (1,361) Property, plant and equipment, net $ 1,649 $ 2,225 Current portion of long-term debt $ 161 $ 189 Long-term debt 1,606 1,847 Total finance lease obligation $ 1,767 $ 2,036 June 30, 2021 2020 Weighted-Average Remaining Lease Term (years) Operating leases 8.3 8.5 Finance leases 8.8 10.2 Weighted-Average Discount Rate Operating leases 3.9 % 4.2 % Finance leases 8.0 % 8.2 % The following table provides the expected future minimum maturities of lease obligations: At June 30, 2021 Operating Finance Leases Leases Remainder of 2021 $ 2,484 $ 143 2022 4,829 290 2023 4,400 277 2024 3,864 257 2025 3,127 251 Thereafter 12,203 1,344 Total lease payments 30,907 2,562 Less: imputed interest (5,619) (795) Total $ 25,288 $ 1,767

Additional Financial Informatio

Additional Financial Information6 Months Ended
Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Additional Financial InformationNOTE 11. ADDITIONAL FINANCIAL INFORMATION Cash and Cash Flows We typically maintain our restricted cash balances for purchases and sales of certain investment securities and funding of certain deferred compensation benefit payments. The following table summarizes cash and cash equivalents and restricted cash balances contained on our consolidated balance sheets: June 30, December 31, 2021 2020 2020 2019 Cash and cash equivalents $ 11,869 $ 16,941 $ 9,740 $ 12,130 Restricted cash in Prepaid and other current assets 6 3 9 69 Restricted cash in Other Assets 101 87 121 96 Cash and Cash Equivalents and Restricted Cash $ 11,976 $ 17,031 $ 9,870 $ 12,295 The following table summarizes cash paid during the periods for interest, income taxes and spectrum: Consolidated Statements of Cash Flows Six months ended June 30, Cash paid (received) during the period for: 2021 2020 Interest $ 3,861 $ 4,202 Income taxes, net of refunds 418 (214) Spectrum acquisitions 1 22,886 1,046 1 Included as cash paid for “Acquisitions, net of cash acquired” on our consolidated statement of cash flows. Excludes interest during construction. The following table summarizes interest capitalized during construction: Six months ended June 30, Interest during construction: 2021 2020 Capital expenditures $ (94) $ (60) Spectrum 1 (257) — Interest During Construction $ (351) $ (60) 1 Included in “Acquisitions, net of cash acquired” on our consolidated statement of cash flows. Noncash Investing and Financing Activities In connection with capital improvements and the acquisition of other productive assets, we negotiate favorable payment terms (referred to as vendor financing), which are reported as financing activities in our statements of cash flows when paid. For the six months ended June 30, 2021 and 2020, we recorded vendor financing commitments related to capital investments of approximately $1,778 and $1,680. Total vendor financing payables included in our June 30, 2021 consolidated balance sheet were approximately $2,948, with $2,149 due within one year (in “Accounts payable and accrued liabilities”) and the remainder predominantly due within two Debt Transactions At June 30, 2021, our debt obligations totaled $179,783. Our debt activity during the six months ended June 30, 2021 primarily consisted of the following: First Second Six months ended Net commercial paper borrowings $ 7,072 $ (513) $ 6,559 Issuance of Notes and Debentures 1 : U.S. dollar denominated global notes $ 6,000 $ — $ 6,000 Initial average rate of 1.27% Euro denominated global notes 1,461 — 1,461 Rate of 0.00% 2021 Syndicated Term Loan 7,350 — 7,350 BAML Bilateral Term Loan 2,000 — 2,000 Private financing 750 — 750 Other 636 — 636 Debt Issuances $ 18,197 $ — $ 18,197 Repayments: Private financing $ (649) $ — $ (649) Other (253) (253) (506) Repayments of long-term debt $ (902) $ (253) $ (1,155) 1 Includes credit agreement borrowings. Credit Facilities On January 29, 2021, we entered into a $14,700 Term Loan Credit Agreement (2021 Syndicated Term Loan), with Bank of America, N.A., as agent. On March 23, 2021, we borrowed $7,350 under the 2021 Syndicated Term Loan and the remaining $7,350 of lenders’ commitments were terminated. As of June 30, 2021, $7,350 was outstanding and is due on March 22, 2022. In March 2021, we entered into and drew on a $2,000 term loan credit agreement (BAML Bilateral Term Loan) consisting of (i) a 0.75 year $1,000 facility due December 31, 2021 (BAML Tranche A Facility), and (ii) a 1.75 year $1,000 facility due December 31, 2022 (BAML Tranche B Facility), with Bank of America, N.A., as agent. At June 30, 2021, $2,000 was outstanding under these facilities.

Preparation Of Interim Financ_2

Preparation Of Interim Financial Statements (Policies)6 Months Ended
Jun. 30, 2021
Accounting Policies [Abstract]
Principles of ConsolidationAll significant intercompany transactions are eliminated in the consolidation process. Investments in subsidiaries and partnerships which we do not control but have significant influence are accounted for under the equity method. Earnings from certain investments accounted for using the equity method are included in our results on a one quarter lag. We also record our proportionate share of our equity method investees’ other comprehensive income (OCI) items.
Basis of AccountingThe preparation of financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Certain prior period amounts have been conformed to the current period’s presentation (see Note 4 and Note 5).
Recognition of Actuarial Gains and LossesWe recognize actuarial gains and losses on pension and postretirement plan assets in our consolidated results as a component of “Other income (expense) – net” at our annual measurement date of December 31, unless earlier remeasurements are required.
Derivatives, Offsetting Fair Value AmountsWe do not offset the fair value of collateral, whether the right to reclaim cash collateral (a receivable) or the obligation to return cash collateral (a payable) exists, against the fair value of the derivative instruments.

Earnings Per Share (Tables)

Earnings Per Share (Tables)6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]
Reconciliation of Numerators and Denominators of Basic and Diluted Earnings Per ShareA reconciliation of the numerators and denominators of basic and diluted earnings per share for the three months and six months ended June 30, 2021 and 2020, is shown in the table below: Three months ended Six months ended June 30, June 30, 2021 2020 2021 2020 Numerators Numerator for basic earnings per share: Net Income Attributable to Common Stock $ 1,514 $ 1,229 $ 9,014 $ 5,807 Dilutive potential common shares: Share-based payment 5 5 11 11 Numerator for diluted earnings per share $ 1,519 $ 1,234 $ 9,025 $ 5,818 Denominators (000,000) Denominator for basic earnings per share: Weighted average number of common shares outstanding 7,168 7,145 7,165 7,166 Dilutive potential common shares: Share-based payment (in shares) 32 25 29 26 Denominator for diluted earnings per share 7,200 7,170 7,194 7,192

Other Comprehensive Income (Tab

Other Comprehensive Income (Tables)6 Months Ended
Jun. 30, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive IncomeChanges in the balances of each component included in accumulated OCI are presented below. All amounts are net of tax and exclude noncontrolling interest. Foreign Currency Translation Adjustment Net Unrealized Gains (Losses) on Securities Net Unrealized Gains (Losses) on Derivative Instruments Defined Benefit Postretirement Plans Accumulated Other Comprehensive Income (Loss) Balance as of December 31, 2020 $ (3,926) $ 111 $ (779) $ 8,924 $ 4,330 Other comprehensive income (loss) before reclassifications 190 (35) (398) — (243) Amounts reclassified from accumulated OCI — 1 (3) 1 46 2 (1,011) 3 (968) Net other comprehensive income (loss) 190 (38) (352) (1,011) (1,211) Balance as of June 30, 2021 $ (3,736) $ 73 $ (1,131) $ 7,913 $ 3,119 Foreign Currency Translation Adjustment Net Unrealized Gains (Losses) on Securities Net Unrealized Gains (Losses) on Derivative Instruments Defined Benefit Postretirement Plans Accumulated Other Comprehensive Income (Loss) Balance as of December 31, 2019 $ (3,056) $ 48 $ (37) $ 8,515 $ 5,470 Other comprehensive income (loss) before reclassifications (1,490) 80 (3,026) — (4,436) Amounts reclassified from accumulated OCI — 1 — 1 17 2 (922) 3 (905) Net other comprehensive income (loss) (1,490) 80 (3,009) (922) (5,341) Balance as of June 30, 2020 $ (4,546) $ 128 $ (3,046) $ 7,593 $ 129 1 (Gains) losses are included in “ Other income (expense) - net ” in the consolidated statements of income. 2 (Gains) losses are primarily included in “ Interest expense ” in the consolidated statements of income (see Note 7). 3 The amortization of prior service credits associated with postretirement benefits are included in “ Other income (expense) - net ” in the consolidated statements of income (see Note 6).

Segment Information (Tables)

Segment Information (Tables)6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]
Reconciliation of Revenues to Segment ContributionFor the three months ended June 30, 2021 Revenues Operations EBITDA Depreciation Operating Equity in Net Segment Communications Mobility $ 18,936 $ 10,911 $ 8,025 $ 2,023 $ 6,002 $ — $ 6,002 Business Wireline 6,052 3,709 2,343 1,293 1,050 — 1,050 Consumer Wireline 3,140 2,083 1,057 769 288 — 288 Total Communications 28,128 16,703 11,425 4,085 7,340 — 7,340 WarnerMedia 8,791 6,934 1,857 165 1,692 47 1,739 Latin America Vrio 749 660 89 114 (25) 2 (23) Mexico 688 667 21 150 (129) — (129) Total Latin America 1,437 1,327 110 264 (154) 2 (152) Segment Total 38,356 24,964 13,392 4,514 8,878 $ 49 $ 8,927 Corporate and Other Corporate 1 361 1,160 (799) 30 (829) Video 6,639 5,275 1,364 148 1,216 Acquisition-related items — — — 1,069 (1,069) Certain significant items — 4,555 (4,555) — (4,555) Eliminations and consolidations (1,311) (939) (372) — (372) AT&T Inc. $ 44,045 $ 35,015 $ 9,030 $ 5,761 $ 3,269 1 Operations and Support Expenses include $672 for the reclassification of prior service credit amortization. For the three months ended June 30, 2020 Revenues Operations and Support Expenses EBITDA Depreciation and Amortization Operating Income (Loss) Equity in Net Segment Contribution Communications Mobility $ 17,149 $ 9,332 $ 7,817 $ 2,012 $ 5,805 $ — $ 5,805 Business Wireline 6,305 3,714 2,591 1,301 1,290 — 1,290 Consumer Wireline 3,051 1,928 1,123 730 393 — 393 Total Communications 26,505 14,974 11,531 4,043 7,488 — 7,488 WarnerMedia 6,728 4,656 2,072 164 1,908 4 1,912 Latin America Vrio 752 661 91 127 (36) 8 (28) Mexico 480 538 (58) 115 (173) — (173) Total Latin America 1,232 1,199 33 242 (209) 8 (201) Segment Total 34,465 20,829 13,636 4,449 9,187 $ 12 $ 9,199 Corporate and Other Corporate 1 589 1,069 (480) 99 (579) Video 7,021 5,809 1,212 593 619 Acquisition-related items — 211 (211) 2,145 (2,356) Certain significant items — 3,084 (3,084) — (3,084) Eliminations and consolidations (1,125) (869) (256) (1) (255) AT&T Inc. $ 40,950 $ 30,133 $ 10,817 $ 7,285 $ 3,532 1 Operations and Support Expenses include $611 for the reclassification of prior service credit amortization. For the six months ended June 30, 2021 Revenues Operations EBITDA Depreciation Operating Equity in Net Segment Communications Mobility $ 37,970 $ 21,929 $ 16,041 $ 4,037 $ 12,004 $ — $ 12,004 Business Wireline 12,098 7,419 4,679 2,571 2,108 — 2,108 Consumer Wireline 6,238 4,114 2,124 1,531 593 — 593 Total Communications 56,306 33,462 22,844 8,139 14,705 — 14,705 WarnerMedia 17,317 13,337 3,980 328 3,652 117 3,769 Latin America Vrio 1,492 1,321 171 231 (60) (2) (62) Mexico 1,319 1,287 32 295 (263) — (263) Total Latin America 2,811 2,608 203 526 (323) (2) (325) Segment Total 76,434 49,407 27,027 8,993 18,034 $ 115 $ 18,149 Corporate and Other Corporate 1 787 2,373 (1,586) 65 (1,651) Video 13,364 10,935 2,429 312 2,117 Acquisition-related items — 37 (37) 2,200 (2,237) Certain significant items — 4,612 (4,612) — (4,612) Eliminations and consolidations (2,601) (1,880) (721) — (721) AT&T Inc. $ 87,984 $ 65,484 $ 22,500 $ 11,570 $ 10,930 1 Operations and Support Expenses include $1,341 for the reclassification of prior service credit amortization. For the six months ended June 30, 2020 Revenues Operations and Support Expenses EBITDA Depreciation and Amortization Operating Income (Loss) Equity in Net Segment Contribution Communications Mobility $ 34,551 $ 18,901 $ 15,650 $ 4,057 $ 11,593 $ — $ 11,593 Business Wireline 12,571 7,601 4,970 2,587 2,383 — 2,383 Consumer Wireline 6,162 3,807 2,355 1,442 913 — 913 Total Communications 53,284 30,309 22,975 8,086 14,889 — 14,889 WarnerMedia 14,493 10,261 4,232 325 3,907 19 3,926 Latin America Vrio 1,639 1,444 195 274 (79) 12 (67) Mexico 1,183 1,252 (69) 249 (318) — (318) Total Latin America 2,822 2,696 126 523 (397) 12 (385) Segment Total 70,599 43,266 27,333 8,934 18,399 $ 31 $ 18,430 Corporate and Other Corporate 1 1,123 2,081 (958) 189 (1,147) Video 14,428 11,829 2,599 1,184 1,415 Acquisition-related items — 393 (393) 4,201 (4,594) Certain significant items — 2,426 (2,426) — (2,426) Eliminations and consolidations (2,421) (1,791) (630) (1) (629) AT&T Inc. $ 83,729 $ 58,204 $ 25,525 $ 14,507 $ 11,018 1 Operations and Support Expenses include $1,223 for the reclassification of prior service credit amortization.
Reconciliation of Segment Contributions to Income Before Income TaxesThe following table is a reconciliation of Segment Contributions to “Income Before Income Taxes” reported in our consolidated statements of income: Three months ended Six months ended 2021 2020 2021 2020 Communications $ 7,340 $ 7,488 $ 14,705 $ 14,889 WarnerMedia 1,739 1,912 3,769 3,926 Latin America (152) (201) (325) (385) Segment Contribution 8,927 9,199 18,149 18,430 Reconciling Items: Corporate and Other (829) (579) (1,651) (1,147) Video 1,216 619 2,117 1,415 Merger costs — (211) (37) (393) Amortization of intangibles acquired (1,069) (2,145) (2,200) (4,201) Asset impairments and abandonments (4,555) (2,319) (4,555) (2,442) Gain on spectrum transaction 1 — — — 900 Employee separation costs and benefit-related losses — (765) (57) (884) Segment equity in net income of affiliates (49) (12) (115) (31) Eliminations and consolidations (372) (255) (721) (629) AT&T Operating Income 3,269 3,532 10,930 11,018 Interest Expense 1,684 2,041 3,554 4,059 Equity in net income (loss) of affiliates 41 (10) 93 (16) Other income (expense) - net 999 1,017 5,220 1,820 Income Before Income Taxes $ 2,625 $ 2,498 $ 12,689 $ 8,763 1 Included as a reduction of "Selling, general and administrative expenses" in the consolidated statement of income.
Schedule of Intersegment Revenues and Assets by SegmentThe following tables presents intersegment revenues and assets by segment: Intersegment Reconciliation Three months ended Six months ended 2021 2020 2021 2020 Intersegment Revenues Communications $ 3 $ 2 $ 6 $ 4 WarnerMedia 840 774 1,678 1,591 Latin America — — — — Total Intersegment Revenues 843 776 1,684 1,595 Consolidations 468 349 917 826 Eliminations and consolidations $ 1,311 $ 1,125 $ 2,601 $ 2,421

Revenue Recognition (Tables)

Revenue Recognition (Tables)6 Months Ended
Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue by Category and Business UnitThe following tables set forth reported revenue by category and by business unit, prior period amounts have been recast to conform to the current period presentation with our first quarter 2021 segment updates (see Note 4). For the three months ended June 30, 2021 Communications Mobility Business Wireline Consumer Wireline WarnerMedia Latin America Corporate & Other Elim. Total Wireless service $ 14,252 $ — $ — $ — $ 447 $ 27 $ — $ 14,726 Video service — — — — 749 6,197 — 6,946 Business service — 5,860 — — — — — 5,860 Broadband — — 2,266 — — — — 2,266 Subscription — — — 3,961 — — — 3,138 DTC (HBO Max) 1 — — — — — — (253) Other 2 — — — — — — (570) Content — — — 3,492 — — — 2,876 DTC (HBO Max) 3 — — — (392) — — — Other 3 — — — (224) — — — Advertising 94 — — 1,739 — 410 (410) 1,833 Legacy voice and data — — 504 — — 113 — 617 Other — — 336 215 — 221 (78) 694 Total Service 14,346 5,860 3,106 8,791 1,196 6,968 (1,311) 38,956 Equipment 4,590 192 34 — 241 32 — 5,089 Total $ 18,936 $ 6,052 $ 3,140 $ 8,791 $ 1,437 $ 7,000 $ (1,311) $ 44,045 1 Represents DTC (HBO Max) intercompany sales to the Communications segment ($162 with Mobility and $91 with Consumer Wireline). 2 Represents intercompany video distribution arrangements primarily to DIRECTV/U-verse from WarnerMedia. 3 Represents intercompany transactions in the WarnerMedia segment. For the three months ended June 30, 2020 Communications Mobility Business Wireline Consumer Wireline WarnerMedia Latin America Corporate & Other Elim. Total Wireless service $ 13,611 $ — $ — $ — $ 345 $ 179 $ — $ 14,135 Video service — — — — 752 6,685 — 7,437 Business service — 6,101 — — — 78 — 6,179 Broadband — — 2,092 — — — — 2,092 Subscription — — — 3,265 — — — 2,500 DTC (HBO Max) — — — — — — (61) Other 1 — — — — — — (704) Content — — — 3,694 — — — 2,208 DTC (HBO Max) 2 — — — (1,248) — — — Other 3 — — — (238) — — — Advertising 58 — — 1,171 — 294 (294) 1,229 Legacy voice and data — — 560 — — 153 — 713 Other — — 398 84 — 142 (66) 558 Total Service 13,669 6,101 3,050 6,728 1,097 7,531 (1,125) 37,051 Equipment 3,480 204 1 — 135 79 — 3,899 Total $ 17,149 $ 6,305 $ 3,051 $ 6,728 $ 1,232 $ 7,610 $ (1,125) $ 40,950 1 Represents DTC (HBO Max) intercompany sales to the Communications segment ($37 with Mobility and $24 with Consumer Wireline). 2 Represents intercompany video distribution arrangements primarily to DIRECTV/U-verse from WarnerMedia. 3 Represents intercompany transactions in the WarnerMedia segment. For the six months ended June 30, 2021 Communications Mobility Business Wireline Consumer Wireline WarnerMedia Latin America Corporate & Other Elim. Total Wireless service $ 28,217 $ — $ — $ — $ 886 $ 37 $ — $ 29,140 Video service — — — — 1,492 12,493 — 13,985 Business service — 11,732 — — — 70 — 11,802 Broadband — — 4,471 — — — — 4,471 Subscription — — — 7,791 — — 6,148 DTC (HBO Max) 1 — — — — — — (488) Other 2 — — — — — — (1,155) Content — — — 6,912 — — — 5,653 DTC (HBO Max) 3 — — — (723) — — — Other 3 — — — (536) — — — Advertising 177 — — 3,476 — 798 (798) 3,653 Legacy voice and data — — 1,023 — — 237 — 1,260 Other — — 668 397 — 443 (160) 1,348 Total Service 28,394 11,732 6,162 17,317 2,378 14,078 (2,601) 77,460 Equipment 9,576 366 76 — 433 73 — 10,524 Total $ 37,970 $ 12,098 $ 6,238 $ 17,317 $ 2,811 $ 14,151 $ (2,601) $ 87,984 1 Represents DTC (HBO Max) intercompany sales to the Communications segment ($307 with Mobility and $181 with Consumer Wireline). 2 Represents intercompany video distribution arrangements primarily to DIRECTV/U-verse from WarnerMedia. 3 Represents intercompany transactions in the WarnerMedia segment. For the six months ended June 30, 2020 Communications Mobility Business Wireline Consumer Wireline WarnerMedia Latin America Corporate & Other Elim. Total Wireless service $ 27,503 $ — $ — $ — $ 812 $ 295 $ — $ 28,610 Video service — — — — 1,639 13,669 — 15,308 Business service — 12,192 — — — 155 — 12,347 Broadband — — 4,201 — — — — 4,201 Subscription — — — 6,665 — — — 5,106 DTC (HBO Max) 1 — — — — — — (61) Other 2 — — — — — — (1,498) Content — — — 6,997 — — — 4,880 DTC (HBO Max) 3 — — — (1,649) — — — Other 3 — — — (468) — — — Advertising 134 — — 2,636 — 707 (707) 2,770 Legacy voice and data — — 1,141 — — 287 — 1,428 Other — — 817 312 — 310 (155) 1,284 Total Service 27,637 12,192 6,159 14,493 2,451 15,423 (2,421) 75,934 Equipment 6,914 379 3 — 371 128 — 7,795 Total $ 34,551 $ 12,571 $ 6,162 $ 14,493 $ 2,822 $ 15,551 $ (2,421) $ 83,729 1 Represents DTC (HBO Max) intercompany sales to the Communications segment ($37 with Mobility and $24 with Consumer Wireline). 2 Represents intercompany video distribution arrangements primarily to DIRECTV/U-verse from WarnerMedia. 3 Represents intercompany transactions in the WarnerMedia segment.
Schedule of Deferred Customer Contract Acquisition and Fulfillment CostsThe following table presents the deferred customer contract acquisition and fulfillment costs included on our consolidated balance sheets: June 30, December 31, Consolidated Balance Sheets 2021 2020 Deferred Acquisition Costs Prepaid and other current assets $ 3,750 $ 3,087 Other Assets 2,901 3,198 Total deferred customer contract acquisition costs $ 6,651 $ 6,285 Deferred Fulfillment Costs Prepaid and other current assets $ 4,720 $ 4,118 Other Assets 4,256 5,634 Total deferred customer contract fulfillment costs $ 8,976 $ 9,752 The following table presents deferred customer contract acquisition and fulfillment cost amortization included in “Other cost of revenue” for the six months ended: June 30, June 30, Consolidated Statements of Income 2021 2020 Deferred acquisition cost amortization $ 1,623 $ 1,278 Deferred fulfillment cost amortization 2,422 2,636
Schedule of Contract Assets and LiabilitiesThe following table presents contract assets and liabilities on our consolidated balance sheets: June 30, December 31, Consolidated Balance Sheets 2021 2020 Contract asset $ 4,072 $ 3,501 Current portion in “Prepaid and other current assets” 2,642 2,054 Contract liability 6,431 6,879 Current portion in “Advanced billings and customer deposits” 4,735 6,071 Current portion in “Accounts payable and accrued liabilities” 1,100 —

Pension And Postretirement Be_2

Pension And Postretirement Benefits (Tables)6 Months Ended
Jun. 30, 2021
Retirement Benefits [Abstract]
Schedule of Pension and Postretirement Benefit (Credits) CostsThe following table details pension and postretirement benefit costs included in the accompanying consolidated statements of income. The service cost component of net periodic pension (credit) cost is recorded in operating expenses in the consolidated statements of income while the remaining components are recorded in “Other income (expense) – net.” Three months ended Six months ended June 30, June 30, 2021 2020 2021 2020 Pension cost: Service cost – benefits earned during the period $ 228 $ 258 $ 482 $ 515 Interest cost on projected benefit obligation 339 422 630 844 Expected return on assets (850) (890) (1,727) (1,779) Amortization of prior service credit (36) (29) (72) (57) Actuarial (gain) loss 197 — (2,647) — Net pension (credit) cost $ (122) $ (239) $ (3,334) $ (477) Postretirement cost: Service cost – benefits earned during the period $ 12 $ 13 $ 23 $ 26 Interest cost on accumulated postretirement benefit obligation 52 104 105 208 Expected return on assets (38) (45) (76) (89) Amortization of prior service credit (635) (582) (1,269) (1,164) Net postretirement (credit) cost $ (609) $ (510) $ (1,217) $ (1,019) Combined net pension and postretirement (credit) cost $ (731) $ (749) $ (4,551) $ (1,496)

Fair Value Measurements And D_2

Fair Value Measurements And Disclosure (Tables)6 Months Ended
Jun. 30, 2021
Fair Value Disclosures [Abstract]
Long-Term Debt and Other Financial InstrumentsThe carrying amounts and estimated fair values of our long-term debt, including current maturities, and other financial instruments, are summarized as follows: June 30, 2021 December 31, 2020 Carrying Fair Carrying Fair Amount Value Amount Value Notes and debentures 1 $ 171,445 $ 199,544 $ 155,209 $ 187,224 Commercial paper 6,571 6,571 — — Investment securities 2 3,300 3,300 3,249 3,249 1 Includes credit agreement borrowings. Amounts at June 30, 2021 exclude $200 associated with Video business and $35 associated with Vrio, which were classified as held-for-sale (see Note 8). 2 Excludes investments accounted for under the equity method.
Fair Value LevelingFollowing is the fair value leveling for investment securities that are measured at fair value and derivatives as of June 30, 2021 and December 31, 2020. Derivatives designated as hedging instruments are reflected as “Other assets,” “Other noncurrent liabilities,” “Prepaid and other current assets” and “Accounts payable and accrued liabilities” on our consolidated balance sheets. June 30, 2021 Level 1 Level 2 Level 3 Total Equity Securities Domestic equities $ 1,142 $ — $ — $ 1,142 International equities 213 — — 213 Fixed income equities 231 — — 231 Available-for-Sale Debt Securities — 1,420 — 1,420 Asset Derivatives Cross-currency swaps — 856 — 856 Foreign exchange contracts — 7 — 7 Liability Derivatives Cross-currency swaps — (2,207) — (2,207) Foreign exchange contracts — (17) — (17) December 31, 2020 Level 1 Level 2 Level 3 Total Equity Securities Domestic equities $ 1,010 $ — $ — $ 1,010 International equities 180 — — 180 Fixed income equities 236 — — 236 Available-for-Sale Debt Securities — 1,479 — 1,479 Asset Derivatives Cross-currency swaps — 1,721 — 1,721 Foreign exchange contracts — 6 — 6 Liability Derivatives Cross-currency swaps — (1,814) — (1,814) Foreign exchange contracts — (9) — (9)
Components Comprising Total Gains and Losses on Equity SecuritiesThe components comprising total gains and losses in the period on equity securities are as follows: Three months ended Six months ended June 30, June 30, 2021 2020 2021 2020 Total gains (losses) recognized on equity securities $ 87 $ 161 $ 142 $ (42) Gains (Losses) recognized on equity securities sold — 9 — (24) Unrealized gains (losses) recognized on equity securities held at end of period $ 87 $ 152 $ 142 $ (18)
Notional Amount of Outstanding Derivative PositionsFollowing are the notional amounts of our outstanding derivative positions: June 30, December 31, 2021 2020 Cross-currency swaps $ 42,186 $ 40,745 Foreign exchange contracts 516 90 Total $ 42,702 $ 40,835
Effect on Derivatives on the Consolidated Statements of IncomeFollowing are the related hedged items affecting our financial position and performance: Effect of Derivatives on the Consolidated Statements of Income Three months ended Six months ended June 30, June 30, Fair Value Hedging Relationships 2021 2020 2021 2020 Interest rate swaps (Interest expense): Gain (Loss) on interest rate swaps $ (1) $ (14) $ (2) $ (4) Gain (Loss) on long-term debt 1 14 2 4 Cross-currency swaps: Gain (Loss) on cross-currency swaps 16 — (32) — Gain (Loss) on long-term debt (16) — 32 — Gain (Loss) recognized in accumulated OCI 2 — 1 — The following table presents information for our cash flow hedging relationships: Three months ended Six months ended June 30, June 30, Cash Flow Hedging Relationships 2021 2020 2021 2020 Cross-currency swaps: Gain (Loss) recognized in accumulated OCI $ (1,149) $ 809 $ (505) $ (3,170) Foreign exchange contracts: Gain (Loss) recognized in accumulated OCI (4) 2 — (11) Other income (expense) - net reclassified from accumulated OCI into income (5) (3) (10) 13 Interest rate locks: Gain (Loss) recognized in accumulated OCI — (12) — (648) Interest income (expense) reclassified from accumulated OCI into income (23) (18) (48) (34)

Acquisitions, Dispositions An_2

Acquisitions, Dispositions And Other Adjustments (Tables)6 Months Ended
Jun. 30, 2021
Business Combination and Asset Acquisition [Abstract]
Schedule of Assets and Liabilities Held-for-SaleThe historical characteristics of the assets and liabilities of the Video operations, using June 30, 2021 balances, is as follows: Assets held-for-sale: Current assets $ 3,616 Property, plant and equipment - net 2,572 Licenses, net 5,798 Other intangible assets, net 1,634 Other assets 1,846 Total Video assets (included in “Prepaid and other current $ 15,466 Liabilities related to assets held-for-sale: Current liabilities $ 3,592 Long-term debt 206 Other noncurrent liabilities 351 Total Video liabilities (included in “Accounts payable and $ 4,149

Sales Of Receivables (Tables)

Sales Of Receivables (Tables)6 Months Ended
Jun. 30, 2021
Receivables [Abstract]
Schedule of Finance ReceivablesOur equipment installment and revolving receivable programs are discussed in detail below. The following table sets forth a summary of the receivables and accounts being serviced: June 30, 2021 December 31, 2020 Equipment Equipment Installment Revolving Installment Revolving Gross receivables: $ 3,775 $ 3,714 $ 5,565 $ 3,909 Balance sheet classification Accounts receivable Notes receivable 1,933 — 2,716 — Trade receivables 435 3,518 554 3,715 Other Assets Noncurrent notes and trade receivables 1,407 196 2,295 194 Outstanding portfolio of receivables derecognized from our consolidated balance sheets 9,454 5,891 7,827 5,300 Cash proceeds received, net of remittances 1 6,735 5,891 5,646 5,300 1 Represents amounts to which financial institutions remain entitled, excluding the deferred purchase price. The following table sets forth a summary of equipment installment receivables sold under this program during the three and six months ended June 30, 2021 and 2020: Three months ended Six months ended June 30, June 30, 2021 2020 2021 2020 Gross receivables sold $ 2,009 $ 1,506 $ 5,944 $ 3,873 Net receivables sold 1 1,963 1,449 5,789 3,722 Cash proceeds received 1,731 1,225 5,250 3,175 Deferred purchase price recorded 292 232 706 585 Guarantee obligation recorded 81 27 227 71 1 Receivables net of allowance, imputed interest and equipment trade-in right guarantees. The following table presents the previously transferred equipment installment receivables, which we repurchased in exchange for the associated deferred purchase price during the three and six months ended June 30, 2021 and 2020: Three months ended Six months ended June 30, June 30, 2021 2020 2021 2020 Fair value of repurchased receivables $ 350 $ 285 $ 623 $ 573 Carrying value of deferred purchase price 326 281 579 558 Gain on repurchases 1 $ 24 $ 4 $ 44 $ 15 1 These gains are included in "Selling, general and administrative" in the consolidated statements of income.
Schedule of Receivables SoldThe following table sets forth a summary of receivables sold: Three months ended Six months ended June 30, June 30, 2021 2020 2021 2020 Gross receivables sold/cash proceeds received 1 $ 5,137 $ 3,805 $ 10,341 $ 8,027 Total collections under revolving agreement 2 5,001 3,805 9,750 7,027 Net cash proceeds received $ 136 $ — $ 591 $ 1,000 Net receivables sold 3 $ 5,132 $ 3,819 $ 10,257 $ 7,957 Obligations recorded (reversed) (131) (12) 11 114 1 Includes initial sales of receivables of $0 for each of the three months and $700 and $1,000 for the six months ended June 30, 2021 and 2020, respectively. 2 Includes collections of $0 for each of the three months and $109 and $0 for the six months ended June 30, 2021 and 2020, respectively, that were not reinvested under the revolving agreement. 3 Receivables net of allowance, return and incentive reserves and imputed interest.

Leases (Tables)

Leases (Tables)6 Months Ended
Jun. 30, 2021
Leases [Abstract]
Components of Lease Expense, Supplemental Cash Flow Information Related to Leases, and Supplemental Balance Sheet Information Related to LeasesThe components of lease expense were as follows: Three months ended Six months ended June 30, June 30, 2021 2020 2021 2020 Operating lease cost $ 1,431 $ 1,449 $ 2,889 $ 2,826 Finance lease cost: Amortization of right-of-use assets $ 70 $ 73 $ 139 $ 140 Interest on lease obligation 41 36 80 77 Total finance lease cost $ 111 $ 109 $ 219 $ 217 The following table provides supplemental cash flows information related to leases: Six months ended June 30, 2021 2020 Cash Flows from Operating Activities Cash paid for amounts included in lease obligations: Operating cash flows for operating leases $ 2,509 $ 2,424 Supplemental Lease Cash Flow Disclosures Operating lease right-of-use assets obtained in exchange for new 2,349 2,895 The following tables set forth supplemental balance sheet information related to leases: June 30, December 31, Operating Leases Operating lease right-of-use assets $ 24,390 $ 24,714 Accounts payable and accrued liabilities $ 3,651 $ 3,537 Operating lease obligation 21,637 22,202 Total operating lease obligation $ 25,288 $ 25,739 Finance Leases Property, plant and equipment, at cost $ 2,755 $ 3,586 Accumulated depreciation and amortization (1,106) (1,361) Property, plant and equipment, net $ 1,649 $ 2,225 Current portion of long-term debt $ 161 $ 189 Long-term debt 1,606 1,847 Total finance lease obligation $ 1,767 $ 2,036 June 30, 2021 2020 Weighted-Average Remaining Lease Term (years) Operating leases 8.3 8.5 Finance leases 8.8 10.2 Weighted-Average Discount Rate Operating leases 3.9 % 4.2 % Finance leases 8.0 % 8.2 %
Schedule of Maturities of Operating LeasesThe following table provides the expected future minimum maturities of lease obligations: At June 30, 2021 Operating Finance Leases Leases Remainder of 2021 $ 2,484 $ 143 2022 4,829 290 2023 4,400 277 2024 3,864 257 2025 3,127 251 Thereafter 12,203 1,344 Total lease payments 30,907 2,562 Less: imputed interest (5,619) (795) Total $ 25,288 $ 1,767
Schedule of Maturities of Finance LeasesThe following table provides the expected future minimum maturities of lease obligations: At June 30, 2021 Operating Finance Leases Leases Remainder of 2021 $ 2,484 $ 143 2022 4,829 290 2023 4,400 277 2024 3,864 257 2025 3,127 251 Thereafter 12,203 1,344 Total lease payments 30,907 2,562 Less: imputed interest (5,619) (795) Total $ 25,288 $ 1,767

Additional Financial Informat_2

Additional Financial Information (Tables)6 Months Ended
Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Cash and Cash Flows and Debt TransactionsThe following table summarizes cash and cash equivalents and restricted cash balances contained on our consolidated balance sheets: June 30, December 31, 2021 2020 2020 2019 Cash and cash equivalents $ 11,869 $ 16,941 $ 9,740 $ 12,130 Restricted cash in Prepaid and other current assets 6 3 9 69 Restricted cash in Other Assets 101 87 121 96 Cash and Cash Equivalents and Restricted Cash $ 11,976 $ 17,031 $ 9,870 $ 12,295 The following table summarizes cash paid during the periods for interest, income taxes and spectrum: Consolidated Statements of Cash Flows Six months ended June 30, Cash paid (received) during the period for: 2021 2020 Interest $ 3,861 $ 4,202 Income taxes, net of refunds 418 (214) Spectrum acquisitions 1 22,886 1,046 1 Included as cash paid for “Acquisitions, net of cash acquired” on our consolidated statement of cash flows. Excludes interest during construction. The following table summarizes interest capitalized during construction: Six months ended June 30, Interest during construction: 2021 2020 Capital expenditures $ (94) $ (60) Spectrum 1 (257) — Interest During Construction $ (351) $ (60) 1 Included in “Acquisitions, net of cash acquired” on our consolidated statement of cash flows. First Second Six months ended Net commercial paper borrowings $ 7,072 $ (513) $ 6,559 Issuance of Notes and Debentures 1 : U.S. dollar denominated global notes $ 6,000 $ — $ 6,000 Initial average rate of 1.27% Euro denominated global notes 1,461 — 1,461 Rate of 0.00% 2021 Syndicated Term Loan 7,350 — 7,350 BAML Bilateral Term Loan 2,000 — 2,000 Private financing 750 — 750 Other 636 — 636 Debt Issuances $ 18,197 $ — $ 18,197 Repayments: Private financing $ (649) $ — $ (649) Other (253) (253) (506) Repayments of long-term debt $ (902) $ (253) $ (1,155) 1 Includes credit agreement borrowings.

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) shares in Millions, $ in Millions3 Months Ended6 Months Ended
Jun. 30, 2021Jun. 30, 2020Jun. 30, 2021Jun. 30, 2020
Numerator for basic earnings per share:
Net Income Attributable to Common Stock $ 1,514 $ 1,229 $ 9,014 $ 5,807
Dilutive potential common shares:
Share-based payment5 5 11 11
Numerator for diluted earnings per share $ 1,519 $ 1,234 $ 9,025 $ 5,818
Denominator for basic earnings per share:
Weighted average number of common shares outstanding (in shares)7,168 7,145 7,165 7,166
Dilutive potential common shares:
Share-based payment (in shares)32 25 29 26
Denominator for diluted earnings per share (in shares)7,200 7,170 7,194 7,192

Other Comprehensive Income (Det

Other Comprehensive Income (Details) - USD ($) $ in Millions3 Months Ended6 Months Ended
Jun. 30, 2021Jun. 30, 2020Jun. 30, 2021Jun. 30, 2020
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Other comprehensive income (loss) before reclassifications $ (243) $ (4,436)
Amounts reclassified from accumulated OCI(968)(905)
Net other comprehensive income (loss)(1,211)(5,341)
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Accumulated other comprehensive income, beginning balance4,330 5,470
Net other comprehensive income (loss) $ (1,080) $ 514 (1,211)(5,341)
Accumulated other comprehensive income, ending balance3,119 129 3,119 129
Foreign Currency Translation Adjustment
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Accumulated other comprehensive income, beginning balance(3,926)(3,056)
Other comprehensive income (loss) before reclassifications190 (1,490)
Amounts reclassified from accumulated OCI0 0
Net other comprehensive income (loss)190 (1,490)
Accumulated other comprehensive income, ending balance(3,736)(4,546)(3,736)(4,546)
Net Unrealized Gains (Losses) on Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Accumulated other comprehensive income, beginning balance111 48
Other comprehensive income (loss) before reclassifications(35)80
Amounts reclassified from accumulated OCI(3)0
Net other comprehensive income (loss)(38)80
Accumulated other comprehensive income, ending balance73 128 73 128
Net Unrealized Gains (Losses) on Derivative Instruments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Accumulated other comprehensive income, beginning balance(779)(37)
Other comprehensive income (loss) before reclassifications(398)(3,026)
Amounts reclassified from accumulated OCI46 17
Net other comprehensive income (loss)(352)(3,009)
Accumulated other comprehensive income, ending balance(1,131)(3,046)(1,131)(3,046)
Defined Benefit Postretirement Plans
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Accumulated other comprehensive income, beginning balance8,924 8,515
Other comprehensive income (loss) before reclassifications0 0
Amounts reclassified from accumulated OCI(1,011)(922)
Net other comprehensive income (loss)(1,011)(922)
Accumulated other comprehensive income, ending balance $ 7,913 $ 7,593 $ 7,913 $ 7,593

Segment Information (Summary Of

Segment Information (Summary Of Operating Revenues And Expenses) (Narrative) (Details)6 Months Ended
Jun. 30, 2021segment
Segment Reporting [Abstract]
Number of reportable segments3

Segment Information (Summary _2

Segment Information (Summary Of Operating Revenues And Expenses) (Details) - USD ($) $ in Millions3 Months Ended6 Months Ended
Jun. 30, 2021Jun. 30, 2020Jun. 30, 2021Jun. 30, 2020
Segment Reporting Information [Line Items]
Revenues $ 44,045 $ 40,950 $ 87,984 $ 83,729
Operations and Support Expenses35,015 30,133 65,484 58,204
EBITDA9,030 10,817 22,500 25,525
Depreciation and Amortization5,761 7,285 11,570 14,507
Operating Income3,269 3,532 10,930 11,018
Equity in Net Income (Loss) of Affiliates41 (10)93 (16)
Income Before Income Taxes2,625 2,498 12,689 8,763
Reclassification of prior service credit amortization672 611 1,341 1,223
Operating Segments
Segment Reporting Information [Line Items]
Revenues38,356 34,465 76,434 70,599
Operations and Support Expenses24,964 20,829 49,407 43,266
EBITDA13,392 13,636 27,027 27,333
Depreciation and Amortization4,514 4,449 8,993 8,934
Operating Income8,878 9,187 18,034 18,399
Equity in Net Income (Loss) of Affiliates49 12 115 31
Income Before Income Taxes8,927 9,199 18,149 18,430
Corporate
Segment Reporting Information [Line Items]
Revenues361 589 787 1,123
Operations and Support Expenses1,160 1,069 2,373 2,081
EBITDA(799)(480)(1,586)(958)
Depreciation and Amortization30 99 65 189
Operating Income(829)(579)(1,651)(1,147)
Reconciling Items
Segment Reporting Information [Line Items]
Equity in Net Income (Loss) of Affiliates(49)(12)(115)(31)
Video
Segment Reporting Information [Line Items]
Revenues6,639 7,021 13,364 14,428
Operations and Support Expenses5,275 5,809 10,935 11,829
EBITDA1,364 1,212 2,429 2,599
Depreciation and Amortization148 593 312 1,184
Operating Income1,216 619 2,117 1,415
Acquisition-related items
Segment Reporting Information [Line Items]
Revenues0 0 0 0
Operations and Support Expenses0 211 37 393
EBITDA0 (211)(37)(393)
Depreciation and Amortization1,069 2,145 2,200 4,201
Operating Income(1,069)(2,356)(2,237)(4,594)
Certain significant items
Segment Reporting Information [Line Items]
Revenues0 0 0 0
Operations and Support Expenses4,555 3,084 4,612 2,426
EBITDA(4,555)(3,084)(4,612)(2,426)
Depreciation and Amortization0 0 0 0
Operating Income(4,555)(3,084)(4,612)(2,426)
Eliminations and consolidations
Segment Reporting Information [Line Items]
Revenues(1,311)(1,125)(2,601)(2,421)
Operations and Support Expenses(939)(869)(1,880)(1,791)
EBITDA(372)(256)(721)(630)
Depreciation and Amortization0 (1)0 (1)
Operating Income(372)(255)(721)(629)
Communications | Operating Segments
Segment Reporting Information [Line Items]
Revenues28,128 26,505 56,306 53,284
Operations and Support Expenses16,703 14,974 33,462 30,309
EBITDA11,425 11,531 22,844 22,975
Depreciation and Amortization4,085 4,043 8,139 8,086
Operating Income7,340 7,488 14,705 14,889
Equity in Net Income (Loss) of Affiliates0 0 0 0
Income Before Income Taxes7,340 7,488 14,705 14,889
Communications | Mobility | Operating Segments
Segment Reporting Information [Line Items]
Revenues18,936 17,149 37,970 34,551
Operations and Support Expenses10,911 9,332 21,929 18,901
EBITDA8,025 7,817 16,041 15,650
Depreciation and Amortization2,023 2,012 4,037 4,057
Operating Income6,002 5,805 12,004 11,593
Equity in Net Income (Loss) of Affiliates0 0 0 0
Income Before Income Taxes6,002 5,805 12,004 11,593
Communications | Business Wireline | Operating Segments
Segment Reporting Information [Line Items]
Revenues6,052 6,305 12,098 12,571
Operations and Support Expenses3,709 3,714 7,419 7,601
EBITDA2,343 2,591 4,679 4,970
Depreciation and Amortization1,293 1,301 2,571 2,587
Operating Income1,050 1,290 2,108 2,383
Equity in Net Income (Loss) of Affiliates0 0 0 0
Income Before Income Taxes1,050 1,290 2,108 2,383
Communications | Consumer Wireline | Operating Segments
Segment Reporting Information [Line Items]
Revenues3,140 3,051 6,238 6,162
Operations and Support Expenses2,083 1,928 4,114 3,807
EBITDA1,057 1,123 2,124 2,355
Depreciation and Amortization769 730 1,531 1,442
Operating Income288 393 593 913
Equity in Net Income (Loss) of Affiliates0 0 0 0
Income Before Income Taxes288 393 593 913
WarnerMedia | Operating Segments
Segment Reporting Information [Line Items]
Revenues8,791 6,728 17,317 14,493
Operations and Support Expenses6,934 4,656 13,337 10,261
EBITDA1,857 2,072 3,980 4,232
Depreciation and Amortization165 164 328 325
Operating Income1,692 1,908 3,652 3,907
Equity in Net Income (Loss) of Affiliates47 4 117 19
Income Before Income Taxes1,739 1,912 3,769 3,926
Latin America | Operating Segments
Segment Reporting Information [Line Items]
Revenues1,437 1,232 2,811 2,822
Operations and Support Expenses1,327 1,199 2,608 2,696
EBITDA110 33 203 126
Depreciation and Amortization264 242 526 523
Operating Income(154)(209)(323)(397)
Equity in Net Income (Loss) of Affiliates2 8 (2)12
Income Before Income Taxes(152)(201)(325)(385)
Latin America | Vrio | Operating Segments
Segment Reporting Information [Line Items]
Revenues749 752 1,492 1,639
Operations and Support Expenses660 661 1,321 1,444
EBITDA89 91 171 195
Depreciation and Amortization114 127 231 274
Operating Income(25)(36)(60)(79)
Equity in Net Income (Loss) of Affiliates2 8 (2)12
Income Before Income Taxes(23)(28)(62)(67)
Latin America | Mexico | Operating Segments
Segment Reporting Information [Line Items]
Revenues688 480 1,319 1,183
Operations and Support Expenses667 538 1,287 1,252
EBITDA21 (58)32 (69)
Depreciation and Amortization150 115 295 249
Operating Income(129)(173)(263)(318)
Equity in Net Income (Loss) of Affiliates0 0 0 0
Income Before Income Taxes $ (129) $ (173) $ (263) $ (318)

Segment Information (Reconcilia

Segment Information (Reconciliation Of Operating Income Loss to Consolidated Statement Of Income) (Details) - USD ($) $ in Millions3 Months Ended6 Months Ended
Jun. 30, 2021Jun. 30, 2020Jun. 30, 2021Jun. 30, 2020
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income Before Income Taxes $ 2,625 $ 2,498 $ 12,689 $ 8,763
AT&T Operating Income3,269 3,532 10,930 11,018
Asset impairments and abandonments(4,555)(2,319)(4,555)(2,442)
Equity in net income (loss) of affiliates41 (10)93 (16)
Interest Expense1,684 2,041 3,554 4,059
Other income (expense) - net999 1,017 5,220 1,820
Operating Segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income Before Income Taxes8,927 9,199 18,149 18,430
AT&T Operating Income8,878 9,187 18,034 18,399
Equity in net income (loss) of affiliates49 12 115 31
Operating Segments | Communications
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income Before Income Taxes7,340 7,488 14,705 14,889
AT&T Operating Income7,340 7,488 14,705 14,889
Equity in net income (loss) of affiliates0 0 0 0
Operating Segments | WarnerMedia
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income Before Income Taxes1,739 1,912 3,769 3,926
AT&T Operating Income1,692 1,908 3,652 3,907
Equity in net income (loss) of affiliates47 4 117 19
Operating Segments | Latin America
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income Before Income Taxes(152)(201)(325)(385)
AT&T Operating Income(154)(209)(323)(397)
Equity in net income (loss) of affiliates2 8 (2)12
Corporate and Other
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
AT&T Operating Income(829)(579)(1,651)(1,147)
Reconciling Items
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Merger costs0 (211)(37)(393)
Amortization of intangibles acquired(1,069)(2,145)(2,200)(4,201)
Asset impairments and abandonments(4,555)(2,319)(4,555)(2,442)
Gain on spectrum transaction0 0 0 900
Employee separation costs and benefit-related losses0 (765)(57)(884)
Equity in net income (loss) of affiliates(49)(12)(115)(31)
Video
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
AT&T Operating Income1,216 619 2,117 1,415
Eliminations and consolidations
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
AT&T Operating Income $ (372) $ (255) $ (721) $ (629)

Segment Information (Intersegme

Segment Information (Intersegment Details) (Details) - USD ($) $ in Millions3 Months Ended6 Months Ended
Jun. 30, 2021Jun. 30, 2020Jun. 30, 2021Jun. 30, 2020
Revenues [Abstract]
Total revenues $ (44,045) $ (40,950) $ (87,984) $ (83,729)
Total Intersegment Revenues
Revenues [Abstract]
Total revenues843 776 1,684 1,595
Consolidations
Revenues [Abstract]
Total revenues468 349 917 826
Eliminations and consolidations
Revenues [Abstract]
Total revenues1,311 1,125 2,601 2,421
Communications | Total Intersegment Revenues
Revenues [Abstract]
Total revenues3 2 6 4
WarnerMedia | Total Intersegment Revenues
Revenues [Abstract]
Total revenues840 774 1,678 1,591
Latin America | Total Intersegment Revenues
Revenues [Abstract]
Total revenues $ 0 $ 0 $ 0 $ 0

Revenue Recognition (Revenue Ca

Revenue Recognition (Revenue Categories) (Details) - USD ($) $ in Millions3 Months Ended6 Months Ended
Jun. 30, 2021Jun. 30, 2020Jun. 30, 2021Jun. 30, 2020
Disaggregation of Revenue [Line Items]
Total operating revenues $ 44,045 $ 40,950 $ 87,984 $ 83,729
Total Service
Disaggregation of Revenue [Line Items]
Total operating revenues38,956 37,051 77,460 75,934
Wireless service
Disaggregation of Revenue [Line Items]
Total operating revenues14,726 14,135 29,140 28,610
Video service
Disaggregation of Revenue [Line Items]
Total operating revenues6,946 7,437 13,985 15,308
Business service
Disaggregation of Revenue [Line Items]
Total operating revenues5,860 6,179 11,802 12,347
Broadband
Disaggregation of Revenue [Line Items]
Total operating revenues2,266 2,092 4,471 4,201
Subscription
Disaggregation of Revenue [Line Items]
Total operating revenues3,138 2,500 6,148 5,106
Content
Disaggregation of Revenue [Line Items]
Total operating revenues2,876 2,208 5,653 4,880
Advertising
Disaggregation of Revenue [Line Items]
Total operating revenues1,833 1,229 3,653 2,770
Legacy voice and data
Disaggregation of Revenue [Line Items]
Total operating revenues617 713 1,260 1,428
Other
Disaggregation of Revenue [Line Items]
Total operating revenues694 558 1,348 1,284
Equipment
Disaggregation of Revenue [Line Items]
Total operating revenues5,089 3,899 10,524 7,795
Operating Segments
Disaggregation of Revenue [Line Items]
Total operating revenues38,356 34,465 76,434 70,599
Operating Segments | Communications
Disaggregation of Revenue [Line Items]
Total operating revenues28,128 26,505 56,306 53,284
Operating Segments | Communications | Mobility
Disaggregation of Revenue [Line Items]
Total operating revenues18,936 17,149 37,970 34,551
Operating Segments | Communications | Mobility | Total Service
Disaggregation of Revenue [Line Items]
Total operating revenues14,346 13,669 28,394 27,637
Operating Segments | Communications | Mobility | Wireless service
Disaggregation of Revenue [Line Items]
Total operating revenues14,252 13,611 28,217 27,503
Operating Segments | Communications | Mobility | Video service
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Communications | Mobility | Business service
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Communications | Mobility | Broadband
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Communications | Mobility | Subscription
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Communications | Mobility | DTC (HBO Max)
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Communications | Mobility | Other
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Communications | Mobility | Content
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Communications | Mobility | DTC (HBO Max)
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Communications | Mobility | Other
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Communications | Mobility | Advertising
Disaggregation of Revenue [Line Items]
Total operating revenues94 58 177 134
Operating Segments | Communications | Mobility | Legacy voice and data
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Communications | Mobility | Other
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Communications | Mobility | Equipment
Disaggregation of Revenue [Line Items]
Total operating revenues4,590 3,480 9,576 6,914
Operating Segments | Communications | Business Wireline
Disaggregation of Revenue [Line Items]
Total operating revenues6,052 6,305 12,098 12,571
Operating Segments | Communications | Business Wireline | Total Service
Disaggregation of Revenue [Line Items]
Total operating revenues5,860 6,101 11,732 12,192
Operating Segments | Communications | Business Wireline | Wireless service
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Communications | Business Wireline | Video service
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Communications | Business Wireline | Business service
Disaggregation of Revenue [Line Items]
Total operating revenues5,860 6,101 11,732 12,192
Operating Segments | Communications | Business Wireline | Broadband
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Communications | Business Wireline | Subscription
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Communications | Business Wireline | DTC (HBO Max)
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Communications | Business Wireline | Other
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Communications | Business Wireline | Content
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Communications | Business Wireline | DTC (HBO Max)
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Communications | Business Wireline | Other
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Communications | Business Wireline | Advertising
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Communications | Business Wireline | Legacy voice and data
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Communications | Business Wireline | Other
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Communications | Business Wireline | Equipment
Disaggregation of Revenue [Line Items]
Total operating revenues192 204 366 379
Operating Segments | Communications | Consumer Wireline
Disaggregation of Revenue [Line Items]
Total operating revenues3,140 3,051 6,238 6,162
Operating Segments | Communications | Consumer Wireline | Total Service
Disaggregation of Revenue [Line Items]
Total operating revenues3,106 3,050 6,162 6,159
Operating Segments | Communications | Consumer Wireline | Wireless service
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Communications | Consumer Wireline | Video service
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Communications | Consumer Wireline | Business service
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Communications | Consumer Wireline | Broadband
Disaggregation of Revenue [Line Items]
Total operating revenues2,266 2,092 4,471 4,201
Operating Segments | Communications | Consumer Wireline | Subscription
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Communications | Consumer Wireline | DTC (HBO Max)
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Communications | Consumer Wireline | Other
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Communications | Consumer Wireline | Content
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Communications | Consumer Wireline | DTC (HBO Max)
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Communications | Consumer Wireline | Other
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Communications | Consumer Wireline | Advertising
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Communications | Consumer Wireline | Legacy voice and data
Disaggregation of Revenue [Line Items]
Total operating revenues504 560 1,023 1,141
Operating Segments | Communications | Consumer Wireline | Other
Disaggregation of Revenue [Line Items]
Total operating revenues336 398 668 817
Operating Segments | Communications | Consumer Wireline | Equipment
Disaggregation of Revenue [Line Items]
Total operating revenues34 1 76 3
Operating Segments | WarnerMedia
Disaggregation of Revenue [Line Items]
Total operating revenues8,791 6,728 17,317 14,493
Operating Segments | WarnerMedia | Total Service
Disaggregation of Revenue [Line Items]
Total operating revenues8,791 6,728 17,317 14,493
Operating Segments | WarnerMedia | Wireless service
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | WarnerMedia | Video service
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | WarnerMedia | Business service
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | WarnerMedia | Broadband
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | WarnerMedia | Subscription
Disaggregation of Revenue [Line Items]
Total operating revenues3,961 3,265 7,791 6,665
Operating Segments | WarnerMedia | DTC (HBO Max)
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | WarnerMedia | Other
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | WarnerMedia | Content
Disaggregation of Revenue [Line Items]
Total operating revenues3,492 3,694 6,912 6,997
Operating Segments | WarnerMedia | DTC (HBO Max)
Disaggregation of Revenue [Line Items]
Total operating revenues(392)(1,248)(723)(1,649)
Operating Segments | WarnerMedia | Other
Disaggregation of Revenue [Line Items]
Total operating revenues(224)(238)(536)(468)
Operating Segments | WarnerMedia | Advertising
Disaggregation of Revenue [Line Items]
Total operating revenues1,739 1,171 3,476 2,636
Operating Segments | WarnerMedia | Legacy voice and data
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | WarnerMedia | Other
Disaggregation of Revenue [Line Items]
Total operating revenues215 84 397 312
Operating Segments | WarnerMedia | Equipment
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Latin America
Disaggregation of Revenue [Line Items]
Total operating revenues1,437 1,232 2,811 2,822
Operating Segments | Latin America | Total Service
Disaggregation of Revenue [Line Items]
Total operating revenues1,196 1,097 2,378 2,451
Operating Segments | Latin America | Wireless service
Disaggregation of Revenue [Line Items]
Total operating revenues447 345 886 812
Operating Segments | Latin America | Video service
Disaggregation of Revenue [Line Items]
Total operating revenues749 752 1,492 1,639
Operating Segments | Latin America | Business service
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Latin America | Broadband
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Latin America | Subscription
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Latin America | DTC (HBO Max)
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Latin America | Other
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Latin America | Content
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Latin America | DTC (HBO Max)
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Latin America | Other
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Latin America | Advertising
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Latin America | Legacy voice and data
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Latin America | Other
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Operating Segments | Latin America | Equipment
Disaggregation of Revenue [Line Items]
Total operating revenues241 135 433 371
Corporate and Other
Disaggregation of Revenue [Line Items]
Total operating revenues7,000 7,610 14,151 15,551
Corporate and Other | Total Service
Disaggregation of Revenue [Line Items]
Total operating revenues6,968 7,531 14,078 15,423
Corporate and Other | Wireless service
Disaggregation of Revenue [Line Items]
Total operating revenues27 179 37 295
Corporate and Other | Video service
Disaggregation of Revenue [Line Items]
Total operating revenues6,197 6,685 12,493 13,669
Corporate and Other | Business service
Disaggregation of Revenue [Line Items]
Total operating revenues0 78 70 155
Corporate and Other | Broadband
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Corporate and Other | Subscription
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Corporate and Other | DTC (HBO Max)
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Corporate and Other | Other
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Corporate and Other | Content
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Corporate and Other | DTC (HBO Max)
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Corporate and Other | Other
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Corporate and Other | Advertising
Disaggregation of Revenue [Line Items]
Total operating revenues410 294 798 707
Corporate and Other | Legacy voice and data
Disaggregation of Revenue [Line Items]
Total operating revenues113 153 237 287
Corporate and Other | Other
Disaggregation of Revenue [Line Items]
Total operating revenues221 142 443 310
Corporate and Other | Equipment
Disaggregation of Revenue [Line Items]
Total operating revenues32 79 73 128
Elim.
Disaggregation of Revenue [Line Items]
Total operating revenues(1,311)(1,125)(2,601)(2,421)
Elim. | Total Service
Disaggregation of Revenue [Line Items]
Total operating revenues(1,311)(1,125)(2,601)(2,421)
Elim. | Wireless service
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Elim. | Video service
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Elim. | Business service
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Elim. | Broadband
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Elim. | Subscription
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0
Elim. | DTC (HBO Max)
Disaggregation of Revenue [Line Items]
Total operating revenues(253)(61)(488)(61)
Elim. | DTC(HBO Max) intercompany sales to the Communications segment with Mobility
Disaggregation of Revenue [Line Items]
Total operating revenues(162)(37)(307)(37)
Elim. | DTC(HBO Max) intercompany sales to the Communications segment with Consumer Wireline
Disaggregation of Revenue [Line Items]
Total operating revenues(91)(24)(181)(24)
Elim. | Other
Disaggregation of Revenue [Line Items]
Total operating revenues(570)(704)(1,155)(1,498)
Elim. | Content
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Elim. | DTC (HBO Max)
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Elim. | Other
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Elim. | Advertising
Disaggregation of Revenue [Line Items]
Total operating revenues(410)(294)(798)(707)
Elim. | Legacy voice and data
Disaggregation of Revenue [Line Items]
Total operating revenues0 0 0 0
Elim. | Other
Disaggregation of Revenue [Line Items]
Total operating revenues(78)(66)(160)(155)
Elim. | Equipment
Disaggregation of Revenue [Line Items]
Total operating revenues $ 0 $ 0 $ 0 $ 0

Revenue Recognition (Narrative)

Revenue Recognition (Narrative) (Details) - USD ($) $ in Millions6 Months Ended
Jun. 30, 2021Dec. 31, 2020
Contract with Customer, Asset and Liability [Abstract]
Beginning of period contract liability recorded as customer contract revenue during period $ 5,023
Revenue, Performance Obligation [Abstract]
Aggregate amount of the transaction price allocated to remaining performance obligations42,528
Prepaid and other current assets
Contract with Customer, Asset and Liability [Abstract]
Contract asset balance - current portion2,642 $ 2,054
Held-for-sale | Video Business Unit
Revenue, Performance Obligation [Abstract]
Aggregate amount of the transaction price allocated to remaining performance obligations2,027
Deferred Acquisition Costs
Capitalized Contract Cost [Line Items]
Excluded deferred costs6,651 6,285
Deferred Acquisition Costs | Prepaid and other current assets
Capitalized Contract Cost [Line Items]
Excluded deferred costs3,750 3,087
Deferred Acquisition Costs | Other Assets
Capitalized Contract Cost [Line Items]
Excluded deferred costs2,901 3,198
Deferred Acquisition Costs | Held-for-sale | Video Business Unit | Prepaid and other current assets
Capitalized Contract Cost [Line Items]
Excluded deferred costs1,465
Deferred Acquisition Costs | Held-for-sale | Video Business Unit | Other Assets | Reclassification Adjustment
Capitalized Contract Cost [Line Items]
Excluded deferred costs $ 414
Deferred Acquisition Costs | Minimum
Capitalized Contract Cost [Line Items]
Amortization period for deferred customer contract acquisition and fulfillment costs3 years
Deferred Acquisition Costs | Maximum
Capitalized Contract Cost [Line Items]
Amortization period for deferred customer contract acquisition and fulfillment costs5 years
Deferred Fulfillment Costs
Capitalized Contract Cost [Line Items]
Excluded deferred costs $ 8,976 9,752
Deferred Fulfillment Costs | Prepaid and other current assets
Capitalized Contract Cost [Line Items]
Excluded deferred costs4,720 4,118
Deferred Fulfillment Costs | Other Assets
Capitalized Contract Cost [Line Items]
Excluded deferred costs4,256 $ 5,634
Deferred Fulfillment Costs | Held-for-sale | Video Business Unit | Prepaid and other current assets
Capitalized Contract Cost [Line Items]
Excluded deferred costs2,116
Deferred Fulfillment Costs | Held-for-sale | Video Business Unit | Other Assets | Reclassification Adjustment
Capitalized Contract Cost [Line Items]
Excluded deferred costs $ 916
Deferred Fulfillment Costs | Minimum
Capitalized Contract Cost [Line Items]
Amortization period for deferred customer contract acquisition and fulfillment costs3 years
Deferred Fulfillment Costs | Maximum
Capitalized Contract Cost [Line Items]
Amortization period for deferred customer contract acquisition and fulfillment costs5 years

Revenue Recognition (Deferred C

Revenue Recognition (Deferred Contract Acquisition and Fulfillment Costs) (Details) - USD ($) $ in Millions6 Months Ended
Jun. 30, 2021Jun. 30, 2020Dec. 31, 2020
Deferred Acquisition Costs
Capitalized Contract Cost, Net [Abstract]
Total deferred costs $ 6,651 $ 6,285
Deferred cost amortization1,623 $ 1,278
Deferred Acquisition Costs | Prepaid and other current assets
Capitalized Contract Cost, Net [Abstract]
Total deferred costs3,750 3,087
Deferred Acquisition Costs | Other Assets
Capitalized Contract Cost, Net [Abstract]
Total deferred costs2,901 3,198
Deferred Fulfillment Costs
Capitalized Contract Cost, Net [Abstract]
Total deferred costs8,976 9,752
Deferred cost amortization2,422 $ 2,636
Deferred Fulfillment Costs | Prepaid and other current assets
Capitalized Contract Cost, Net [Abstract]
Total deferred costs4,720 4,118
Deferred Fulfillment Costs | Other Assets
Capitalized Contract Cost, Net [Abstract]
Total deferred costs $ 4,256 $ 5,634

Revenue Recognition (Contract A

Revenue Recognition (Contract Assets and Liabilities) (Details) - USD ($) $ in MillionsJun. 30, 2021Dec. 31, 2020
Capitalized Contract Cost [Line Items]
Contract asset $ 4,072 $ 3,501
Contract liability6,431 6,879
Prepaid and other current assets
Capitalized Contract Cost [Line Items]
Contract asset balance - current portion2,642 2,054
Advanced billings and customer deposits
Capitalized Contract Cost [Line Items]
Contract liability balance - current portion4,735 6,071
Accounts payable and accrued liabilities
Capitalized Contract Cost [Line Items]
Contract liability balance - current portion $ 1,100 $ 0

Revenue Recognition (Remaining

Revenue Recognition (Remaining Performance Obligations) (Details)Jun. 30, 2021
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Aggregate amount of the transaction price allocated to remaining performance obligations (percentage)82.00%
Expected timing of satisfaction for remaining performance obligations, period18 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Aggregate amount of the transaction price allocated to remaining performance obligations (percentage)18.00%
Expected timing of satisfaction for remaining performance obligations, period

Pension And Postretirement Be_3

Pension And Postretirement Benefits (Narrative) (Details) - USD ($) $ in Millions3 Months Ended6 Months Ended
Jun. 30, 2021Mar. 31, 2021Jun. 30, 2020Jun. 30, 2021Jun. 30, 2020Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Actuarial (gain) loss $ (197) $ 2,844 $ 2,647 $ 0
Net supplemental retirement pension benefits costs $ (731) $ (749) $ (4,551)(1,496)
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Weighted-average discount rate for determining projected benefit obligation3.00%3.30%3.00%2.70%
Actual return on pension plan assets (six-month rate)4.29%
Expected long-term rate of return (annual rate)6.75%
Net supplemental retirement pension benefits costs $ (122)(239) $ (3,334)(477)
Pension Plan | Service Cost
Defined Benefit Plan Disclosure [Line Items]
Discount rate in effect3.30%
Pension Plan | Interest Cost
Defined Benefit Plan Disclosure [Line Items]
Discount rate in effect2.30%
Supplemental Retirement and Savings Plans
Defined Benefit Plan Disclosure [Line Items]
Net supplemental retirement pension benefits costs $ 11 $ 19 $ 23 $ 38

Pension And Postretirement Be_4

Pension And Postretirement Benefits (Pension And Postretirement Benefit Costs Included In Operating Expenses) (Details) - USD ($) $ in Millions3 Months Ended6 Months Ended
Jun. 30, 2021Jun. 30, 2020Jun. 30, 2021Jun. 30, 2020
Defined Benefit Plan Disclosure [Line Items]
Net (credit) cost $ (731) $ (749) $ (4,551) $ (1,496)
Pension Cost
Defined Benefit Plan Disclosure [Line Items]
Service cost – benefits earned during the period228 258 482 515
Interest cost on projected / accumulated postretirement benefit obligation339 422 630 844
Expected return on assets(850)(890)(1,727)(1,779)
Amortization of prior service credit(36)(29)(72)(57)
Actuarial (gain) loss197 0 (2,647)0
Net (credit) cost(122)(239)(3,334)(477)
Postretirement Cost
Defined Benefit Plan Disclosure [Line Items]
Service cost – benefits earned during the period12 13 23 26
Interest cost on projected / accumulated postretirement benefit obligation52 104 105 208
Expected return on assets(38)(45)(76)(89)
Amortization of prior service credit(635)(582)(1,269)(1,164)
Net (credit) cost $ (609) $ (510) $ (1,217) $ (1,019)

Fair Value Measurements And D_3

Fair Value Measurements And Disclosure (Long-Term Debt And Other Financial Instruments) (Details) - USD ($) $ in MillionsJun. 30, 2021Dec. 31, 2020
Held-for-sale | Video Business Unit
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes and debentures $ 200
Disposal Group, Held-for-sale, Not Discontinued Operations | Vrio
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes and debentures35
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes and debentures171,445 $ 155,209
Commercial paper6,571 0
Investment securities3,300 3,249
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes and debentures199,544 187,224
Commercial paper6,571 0
Investment securities $ 3,300 $ 3,249

Fair Value Measurements And D_4

Fair Value Measurements And Disclosure (Fair Value Leveling) (Details) - USD ($) $ in MillionsJun. 30, 2021Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale Debt Securities $ 1,420 $ 1,479
Cross-currency swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset Derivatives856 1,721
Liability Derivatives(2,207)(1,814)
Foreign exchange contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset Derivatives7 6
Liability Derivatives(17)(9)
Fixed income equities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities231 236
Domestic equities | Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities1,142 1,010
International equities | Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities213 180
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale Debt Securities0 0
Level 1 | Cross-currency swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset Derivatives0 0
Liability Derivatives0 0
Level 1 | Foreign exchange contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset Derivatives0 0
Liability Derivatives0 0
Level 1 | Fixed income equities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities231 236
Level 1 | Domestic equities | Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities1,142 1,010
Level 1 | International equities | Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities213 180
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale Debt Securities1,420 1,479
Level 2 | Cross-currency swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset Derivatives856 1,721
Liability Derivatives(2,207)(1,814)
Level 2 | Foreign exchange contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset Derivatives7 6
Liability Derivatives(17)(9)
Level 2 | Fixed income equities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities0 0
Level 2 | Domestic equities | Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities0 0
Level 2 | International equities | Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities0 0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale Debt Securities0 0
Level 3 | Cross-currency swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset Derivatives0 0
Liability Derivatives0 0
Level 3 | Foreign exchange contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset Derivatives0 0
Liability Derivatives0 0
Level 3 | Fixed income equities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities0 0
Level 3 | Domestic equities | Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities0 0
Level 3 | International equities | Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities $ 0 $ 0

Fair Value Measurements And D_5

Fair Value Measurements And Disclosure (Gain and Losses on Equity Securities) (Details) - USD ($) $ in Millions3 Months Ended6 Months Ended
Jun. 30, 2021Jun. 30, 2020Jun. 30, 2021Jun. 30, 2020
Fair Value Disclosures [Abstract]
Total gains (losses) recognized on equity securities $ 87 $ 161 $ 142 $ (42)
Gains (Losses) recognized on equity securities sold0 9 0 (24)
Unrealized gains (losses) recognized on equity securities held at end of period $ 87 $ 152 $ 142 $ (18)

Fair Value Measurements And D_6

Fair Value Measurements And Disclosure (Narrative) (Details) $ in Millions3 Months Ended6 Months Ended
Jun. 30, 2021USD ($)Jun. 30, 2021USD ($)Jun. 30, 2021EUR (€)Dec. 31, 2020USD ($)
Fair Value Disclosures [Abstract]
Available-for-sale debt securities $ 1,420 $ 1,420 $ 1,479
Available-for-sale debt securities - maturities less than 1 year51 51
Available-for-sale debt securities - maturities within 1 to 3 years195 195
Available-for-sale debt securities - maturities within 3 to 5 years186 186
Available-for-sale debt securities - maturities for 5 or more years988 988
Fair Value, Option, Quantitative Disclosures [Line Items]
Anticipated reclassification of holding losses during the next 12 months - cash flow hedges81 81
Net gains on net investment hedges recognized in accumulated OCI19 51
Collateral submitted to counterparty68 68 53
Collateral received from counterparty398 398 $ 694
Collateral contingently payable to the counterparty57 57
Measurement Input, Entity Credit Risk
Fair Value, Option, Quantitative Disclosures [Line Items]
Collateral contingently payable to the counterparty1,550 1,550
Measurement Input, Entity Credit Risk | Communications | DirecTV
Fair Value, Option, Quantitative Disclosures [Line Items]
Collateral contingently payable to the counterparty $ 3 $ 3
Net Investment Hedging
Fair Value, Option, Quantitative Disclosures [Line Items]
Aggregate principal amount of debt | € € 1,450,000,000

Fair Value Measurements And D_7

Fair Value Measurements And Disclosure (Notional Amount Of Our Outstanding Derivative Positions) (Details) - USD ($) $ in MillionsJun. 30, 2021Dec. 31, 2020
Derivative [Line Items]
Notional amounts of outstanding derivative positions $ 42,702 $ 40,835
Cross-currency swaps
Derivative [Line Items]
Notional amounts of outstanding derivative positions42,186 40,745
Foreign exchange contracts
Derivative [Line Items]
Notional amounts of outstanding derivative positions $ 516 $ 90

Fair Value Measurements And D_8

Fair Value Measurements And Disclosure (Effect Of Derivatives On The Consolidated Statements Of Income) (Details) - USD ($) $ in Millions3 Months Ended6 Months Ended
Jun. 30, 2021Jun. 30, 2020Jun. 30, 2021Jun. 30, 2020
Interest rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on interest rate swaps $ (1) $ (14) $ (2) $ (4)
Gain (Loss) on long-term debt1 14 2 4
Cross-currency swaps
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on interest rate swaps16 0 (32)0
Gain (Loss) on long-term debt(16)0 32 0
Gain (Loss) recognized in accumulated OCI2 0 1 0
Gain (Loss) recognized in accumulated OCI(1,149)809 (505)(3,170)
Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) recognized in accumulated OCI(4)2 0 (11)
Foreign exchange contracts | Other income (expense) - net
Derivative Instruments, Gain (Loss) [Line Items]
Amount reclassified from accumulated OCI into income(5)(3)(10)13
Interest rate locks
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) recognized in accumulated OCI0 (12)0 (648)
Interest rate locks | Interest income (expense)
Derivative Instruments, Gain (Loss) [Line Items]
Amount reclassified from accumulated OCI into income $ (23) $ (18) $ (48) $ (34)

Acquisitions, Dispositions An_3

Acquisitions, Dispositions And Other Adjustments (Narrative) (Details)Aug. 02, 2021USD ($)Jul. 31, 2021USD ($)Jun. 23, 2021USD ($)Feb. 24, 2021USD ($)licenseJun. 30, 2021USD ($)Mar. 31, 2021USD ($)Jun. 30, 2021USD ($)Dec. 31, 2020USD ($)Jul. 15, 2023USD ($)Jun. 30, 2022USD ($)Jun. 04, 2021USD ($)May 17, 2021USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from issuance of debt $ 0 $ 18,197,000,000 $ 18,197,000,000
Operational support, period3 years
Commercial arrangement, period5 years
Bridge loan $ 31,500,000,000
Bridge Loan
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Aggregate principal amount of debt $ 41,500,000,000
Secured Debt | Term Loan Credit Agreement
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Aggregate principal amount of debt $ 10,000,000,000
SKY Mexico
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Ownership percentage by noncontrolling owners41.30%41.30%
Sale of Business Unit | Video Business Unit | Subsequent Event
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Consideration received at closing $ 7,130,000,000
Cash proceeds received at closing7,600,000,000
Previously received consideration470,000,000
Amount of transferred DIRECTV debt195,000,000
Disposal Group, Held-for-sale, Not Discontinued Operations | Playdemic
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash proceeds received at closing $ 1,400,000,000
Goodwill disposed $ 564,000,000
Disposal Group, Held-for-sale, Not Discontinued Operations | Vrio
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Asset impairment charges $ 4,555,000,000
Historical currency translation adjustments2,100,000,000
Property, plant and equipment and intangible assets2,500,000,000 $ 2,500,000,000
Disposal Group, Held-for-sale, Not Discontinued Operations | Vrio | Noncontrolling Interest
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Asset impairment charges80,000,000
Disposal Group, Held-for-sale, Not Discontinued Operations | Vrio | Prepaid and other current assets
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Held-for-sale assets883,000,000 883,000,000
Disposal Group, Held-for-sale, Not Discontinued Operations | Vrio | Accounts payable and accrued liabilities
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Liabilities $ 2,849,000,000 2,849,000,000
DIRECTV (New DTV) | Subsequent Event
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from issuance of debt $ 6,200,000,000
DIRECTV (New DTV) | Subsequent Event
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Interest in newly formed company, additional distribution preference $ 4,200,000,000
Economic interest in common units held after disposal of business unit70.00%
Agreement to pay net losses under NFL Sunday Ticket Contract, cap amount $ 2,100,000,000
DIRECTV (New DTV) | TPG Capital | Subsequent Event
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash contribution to newly formed company $ 1,800,000,000
Economic interest in common units30.00%
Forecast | Disposal Group, Disposed of by Means Other than Sale, Not Discontinued Operations, Spinoff | WarnerMedia
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Consideration received at closing $ 43,000,000,000
Termination fee, receivable $ 720,000,000
Termination fee, payable $ 1,770,000,000
Forecast | Disposal Group, Disposed of by Means Other than Sale, Not Discontinued Operations, Spinoff | WarnerMedia | New Company
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Ownership percentage by parent71.00%
Forecast | Discovery | Disposal Group, Disposed of by Means Other than Sale, Not Discontinued Operations, Spinoff | WarnerMedia | New Company
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Ownership percentage by noncontrolling owners29.00%
C-Band Licenses
Business Combination Segment Allocation [Line Items]
Winning bidder, number of licenses | license1,621
Payments to acquire intangible assets $ 22,856,000,000 $ 23,406,000,000 $ 550,000,000
Estimated relocation costs $ 1,000,000,000
Phase I Spectrum
Business Combination Segment Allocation [Line Items]
Estimated Incentive Payments upon clearing of spectrum955,000,000
Phase II Spectrum
Business Combination Segment Allocation [Line Items]
Estimated Incentive Payments upon clearing of spectrum $ 2,112,000,000
Junior Preferred Interests | DIRECTV (New DTV) | Subsequent Event
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Preferred interest in newly formed company $ 4,250,000,000
Senior Preferred Interests | DIRECTV (New DTV) | TPG Capital | Subsequent Event
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Preferred interest in newly formed company $ 1,800,000,000

Acquisitions, Dispositions An_4

Acquisitions, Dispositions And Other Adjustments (Schedule of Assets and Liabilities Held-for-Sale) (Details) - Held-for-sale - Video Business Unit $ in MillionsJun. 30, 2021USD ($)
Assets held-for-sale:
Current assets $ 3,616
Property, plant and equipment - net2,572
Other assets1,846
Total Video assets (included in “Prepaid and other current assets” beginning first quarter 2021)15,466
Liabilities related to assets held-for-sale:
Current liabilities3,592
Long-term debt206
Other noncurrent liabilities351
Total Video liabilities (included in “Accounts payable and accrued liabilities” beginning first quarter 2021)4,149
Licenses, net
Assets held-for-sale:
Intangible assets, net5,798
Other intangible assets, net
Assets held-for-sale:
Intangible assets, net $ 1,634

Sales Of Receivables (Equipment

Sales Of Receivables (Equipment Installment and AT&T Revolving Programs) (Details) - USD ($) $ in MillionsJun. 30, 2021Dec. 31, 2020
Equipment Installment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross receivable $ 3,775 $ 5,565
Other Assets1,407 2,295
Outstanding portfolio of receivables derecognized from our consolidated balance sheets9,454 7,827
Cash proceeds received, net of remittances6,735 5,646
Equipment Installment | Notes receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable1,933 2,716
Equipment Installment | Trade receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable435 554
Revolving
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross receivable3,714 3,909
Other Assets196 194
Outstanding portfolio of receivables derecognized from our consolidated balance sheets5,891 5,300
Cash proceeds received, net of remittances5,891 5,300
Revolving | Notes receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable0 0
Revolving | Trade receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable $ 3,518 $ 3,715

Sales Of Receivables (Finance R

Sales Of Receivables (Finance Receivables) (Details) - USD ($) $ in Millions3 Months Ended6 Months Ended
Jun. 30, 2021Jun. 30, 2020Jun. 30, 2021Jun. 30, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net receivables sold $ 5,132 $ 3,819 $ 10,257 $ 7,957
Cash proceeds received5,137 3,805 10,341 8,027
Guarantee obligation recorded(131)(12)11 114
Equipment Installment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross receivables sold2,009 1,506 5,944 3,873
Net receivables sold1,963 1,449 5,789 3,722
Cash proceeds received1,731 1,225 5,250 3,175
Deferred purchase price recorded292 232 706 585
Guarantee obligation recorded $ 81 $ 27 $ 227 $ 71

Sales Of Receivables (Finance_2

Sales Of Receivables (Finance Receivables Repurchased) (Details) - Equipment Installment - USD ($) $ in Millions3 Months Ended6 Months Ended
Jun. 30, 2021Jun. 30, 2020Jun. 30, 2021Jun. 30, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fair value of repurchased receivables $ 350 $ 285 $ 623 $ 573
Carrying value of deferred purchase price326 281 579 558
Gain on repurchases $ 24 $ 4 $ 44 $ 15

Sales Of Receivables (Equipme_2

Sales Of Receivables (Equipment Installment and AT&T Revolving Programs) (Narrative) (Details) - USD ($) $ in Millions6 Months Ended
Jun. 30, 2021Dec. 31, 2020
Equipment Installment Program | Guarantee Obligation
Accounts, Notes, Loans and Financing Receivable [Line Items]
Guarantee obligation $ 289 $ 228
Equipment Installment Program | Accounts payable and accrued liabilities | Guarantee Obligation
Accounts, Notes, Loans and Financing Receivable [Line Items]
Guarantee obligation92 161
Equipment Installment Program | Deferred Purchase Price Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Deferred purchase price receivable2,631 1,991
Equipment Installment Program | Deferred Purchase Price Receivable | Prepaid and other current assets
Accounts, Notes, Loans and Financing Receivable [Line Items]
Deferred purchase price receivable1,639 $ 1,476
Revolving Receivables Program
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving agreement, transfer amount (up to)6,000
Receivables pledged as collateral $ 3,714

Sales Of Receivables (Summary o

Sales Of Receivables (Summary of Receivables Sold) (Details) - USD ($) $ in Millions3 Months Ended6 Months Ended
Jun. 30, 2021Jun. 30, 2020Jun. 30, 2021Jun. 30, 2020
Receivables [Abstract]
Gross receivables sold/cash proceeds received $ 5,137 $ 3,805 $ 10,341 $ 8,027
Total collections under revolving agreement5,001 3,805 9,750 7,027
Net cash proceeds received136 0 591 1,000
Net receivables sold5,132 3,819 10,257 7,957
Obligations recorded (reversed)(131)(12)11 114
Initial sale of receivables0 0 700 1,000
Collections not reinvested $ 0 $ 0 $ 109 $ 0

Leases (Narrative) (Details)

Leases (Narrative) (Details) - MaximumJun. 30, 2021
Lessee, Lease, Description [Line Items]
Operating Lease, remaining term of contract15 years
Finance Lease, remaining term of contract15 years

Leases (Components of Lease Exp

Leases (Components of Lease Expense) (Details) - USD ($) $ in Millions3 Months Ended6 Months Ended
Jun. 30, 2021Jun. 30, 2020Jun. 30, 2021Jun. 30, 2020
Leases [Abstract]
Operating lease cost $ 1,431 $ 1,449 $ 2,889 $ 2,826
Finance lease cost:
Amortization of right-of-use assets70 73 139 140
Interest on lease obligation41 36 80 77
Total finance lease cost $ 111 $ 109 $ 219 $ 217

Leases (Supplemental Cash Flow

Leases (Supplemental Cash Flow Information Related to Leases) (Details) - USD ($) $ in Millions6 Months Ended
Jun. 30, 2021Jun. 30, 2020
Cash Flows from Operating Activities
Operating cash flows for operating leases $ 2,509 $ 2,424
Supplemental Lease Cash Flow Disclosures
Operating lease right-of-use assets obtained in exchange for new operating lease obligations $ 2,349 $ 2,895

Leases (Supplemental Balance Sh

Leases (Supplemental Balance Sheet Information Related to Leases) (Details) - USD ($) $ in MillionsJun. 30, 2021Dec. 31, 2020Jun. 30, 2020
Operating Leases
Operating lease right-of-use assets $ 24,390 $ 24,714
Accounts payable and accrued liabilities $ 3,651 $ 3,537
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]Accounts payable and accrued liabilitiesAccounts payable and accrued liabilities
Operating lease obligation $ 21,637 $ 22,202
Total operating lease obligation25,288 25,739
Finance Leases
Property, plant and equipment, at cost2,755 3,586
Accumulated depreciation and amortization(1,106)(1,361)
Property, plant and equipment, net $ 1,649 $ 2,225
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]us-gaap:PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortizationus-gaap:PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
Current portion of long-term debt $ 161 $ 189
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]Debt maturing within one yearDebt maturing within one year
Long-term debt $ 1,606 $ 1,847
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]us-gaap:LongTermDebtNoncurrentus-gaap:LongTermDebtNoncurrent
Total finance lease obligation $ 1,767 $ 2,036
Weighted-Average Remaining Lease Term (years), Operating leases8 years 3 months 18 days8 years 6 months
Weighted-Average Remaining Lease Term (years), Finance leases8 years 9 months 18 days10 years 2 months 12 days
Weighted-Average Discount Rate, Operating leases3.90%4.20%
Weighted-Average Discount Rate, Finance leases8.00%8.20%

Leases (Future Minimum Maturiti

Leases (Future Minimum Maturities of Lease Liabilities) (Details) - USD ($) $ in MillionsJun. 30, 2021Dec. 31, 2020
Operating Leases
Remainder of 2021 $ 2,484
20224,829
20234,400
20243,864
20253,127
Thereafter12,203
Total lease payments30,907
Less: imputed interest(5,619)
Total25,288 $ 25,739
Finance Leases
Remainder of 2021143
2022290
2023277
2024257
2025251
Thereafter1,344
Total lease payments2,562
Less: imputed interest(795)
Total $ 1,767 $ 2,036

Additional Financial Informat_3

Additional Financial Information (Details) - USD ($) $ in Millions6 Months Ended
Jun. 30, 2021Jun. 30, 2020Dec. 31, 2020Dec. 31, 2019
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]
Cash and cash equivalents $ 11,869 $ 16,941 $ 9,740 $ 12,130
Restricted cash in Prepaid and other current assets6 3 9 69
Restricted cash in Other Assets101 87 121 96
Cash and Cash Equivalents and Restricted Cash11,976 17,031 $ 9,870 $ 12,295
Cash paid (received) during the period for:
Interest3,861 4,202
Income taxes, net of refunds418 (214)
Spectrum acquisitions23,169 1,174
Capital expenditures, interest during construction(94)(60)
Spectrum(257)0
Interest Paid During Construction(351)(60)
Spectrum Licenses
Cash paid (received) during the period for:
Spectrum acquisitions $ 22,886 $ 1,046

Additional Financial Informat_4

Additional Financial Information (Narrative) (Details) - USD ($)Mar. 23, 2021Mar. 31, 2021Jun. 30, 2021Mar. 31, 2021Jun. 30, 2021Jun. 30, 2020Jan. 29, 2021
Additional Financial Information [Line Items]
Vendor financing payables $ 2,948,000,000 $ 2,948,000,000
Vendor financing payables due within one year2,149,000,000 2,149,000,000
Long-term debt obligations179,783,000,000 179,783,000,000
2021 Syndicated Term Loan
Additional Financial Information [Line Items]
Maximum borrowing capacity $ 14,700,000,000
Draw on line of credit $ 7,350,000,000 0 $ 7,350,000,000 7,350,000,000
Amount of debt terminated after draw $ 7,350,000,000
Amount outstanding7,350,000,000 7,350,000,000
BAML Bilateral Term Loan
Additional Financial Information [Line Items]
Maximum borrowing capacity2,000,000,000 2,000,000,000
Draw on line of credit $ 2,000,000,000 0 $ 2,000,000,000 2,000,000,000
Amount outstanding2,000,000,000 2,000,000,000
BAML Tranche A Facility
Additional Financial Information [Line Items]
Maximum borrowing capacity1,000,000,000 1,000,000,000
Term of debt instrument9 months
BAML Tranche B Facility
Additional Financial Information [Line Items]
Maximum borrowing capacity $ 1,000,000,000 $ 1,000,000,000
Term of debt instrument1 year 9 months
Minimum
Additional Financial Information [Line Items]
Vendor financing payables, noncurrent, period due within2 years
Maximum
Additional Financial Information [Line Items]
Vendor financing payables, noncurrent, period due within3 years
Vendor Financing Program
Additional Financial Information [Line Items]
Noncash investing activities $ 1,778,000,000 $ 1,680,000,000

Additional Financial Informat_5

Additional Financial Information - Debt Activity (Details) - USD ($) $ in MillionsMar. 23, 2021Mar. 31, 2021Jun. 30, 2021Mar. 31, 2021Jun. 30, 2021Jun. 30, 2020
Debt Transactions [Line Items]
Net commercial paper borrowings $ (513) $ 7,072 $ 6,559
Issuances of Notes and Debentures9,097 $ 21,060
Private financing0 750 750
Other0 636 636
Debt Issuances0 18,197 18,197
Repayments:
Private financing0 (649)(649)
Other(253)(253)(506)
Repayments of long-term debt(253)(902)(1,155) $ (17,284)
U.S. dollar denominated global notes
Debt Transactions [Line Items]
Issuances of Notes and Debentures $ 0 6,000 $ 6,000
Initial average rate1.27%1.27%
Euro denominated global notes
Debt Transactions [Line Items]
Issuances of Notes and Debentures $ 0 1,461 $ 1,461
Rate0.00%0.00%
2021 Syndicated Term Loan
Debt Transactions [Line Items]
Term Loan Credit Agreement / BAML term loan $ 7,350 $ 0 7,350 $ 7,350
BAML Bilateral Term Loan
Debt Transactions [Line Items]
Term Loan Credit Agreement / BAML term loan $ 2,000 $ 0 $ 2,000 $ 2,000